Figure 21-3 in Each Case, the Budget Constraint Moves from BC₁ to BC₁

question 68

Multiple Choice

Figure 21-3
In each case, the budget constraint moves from BC₁ to BC₂.
​
Graph (a)
Graph (b)
Graph (c)
Graph (d)
-Refer to Figure 21-3. Which of the graphs in the figure could reflect a simultaneous increase in the price of good X and decrease in the price of good Y?

• A)Graph (a)
• B)Graph (b)
• C)Graph (c)
• D)Graph (d)

---

Definitions:

Cold Canvassing

A direct sales technique that involves approaching potential customers without prior contact or lead, often through door-to-door visits or telephone calls.

Direct-Mail Prospecting

The process of sending promotional materials or correspondence through postal mail to potential customers as a method of generating leads.

Automotive Trade Show

An industry-specific event that brings together members of the automotive sector to showcase and discuss the latest vehicles, parts, and technologies.

Lead Cards

Physical or digital records used by sales professionals to track potential customers or clients, including contact information and relevant notes.