Which of the Following Is Not Correct

question 246

Multiple Choice

Which of the following is not correct?

• A)An increase in income shifts a consumer's budget constraint outward.
• B)An increase in the price of good X causes a consumer's budget constraint to rotate inward along the X axis.
• C)A decrease in the price of good Y causes a consumer's budget constraint to rotate outward along the Y axis.
• D)Changes in income affect the slope of the budget constraint as well as its location on a graph.

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Definitions:

Negligent Misconduct

Conduct that falls below the established standard of care, demonstrating a disregard for the safety or rights of others.

Willful Misconduct

Intentional or deliberate wrongdoing, especially by an employee or official, that is performed with disregard for the consequences.

Internal Revenue Code

A comprehensive set of tax laws established by the United States federal government that governs federal tax obligations.

Client's Communication

Information exchanged between a client and a professional, often protected by confidentiality.