A Decrease in the Prices of Two Products That a Consumer

question 58

Multiple Choice

A decrease in the prices of two products that a consumer buys out of a constant budget would cause the consumer's

• A)indifference curves to shift outward from the origin.
• B)indifference curves to shift inward to the origin.
• C)budget line to shift outward from the origin.
• D)budget line to shift inward to the origin.

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Definitions:

Sensation Seeking

The pursuit of novel, complex, and intense sensations and experiences, often involving risk.

Middle School Years

A period of schooling between elementary and high school, typically covering grades 6 through 8, known for significant developmental changes in adolescents.

Decrease

A reduction in size, amount, extent, or number of a particular phenomenon or entity.

Sensation Seeking Scale

A psychological tool designed to measure an individual's tendency to seek varied, novel, complex, and intense sensations and experiences.