A Decrease in the Price of a Good Causes

question 61

Multiple Choice

A decrease in the price of a good causes

• A)a change in the slope of the budget line.
• B)a decrease in the consumption of that good.
• C)a leftward shift of the demand curve for that good.
• D)a parallel leftward shift of the budget line.

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Definitions:

Crowded

A situation or environment characterized by high density of people or objects within a given space, often causing discomfort or inconvenience.

Nonrenewable Resources

Natural resources such as coal, oil, and natural gas, that cannot be replenished in a short period of time and will eventually deplete.

Sustainable Resources

Natural resources that are used in a manner that satisfies current needs without compromising the ability of future generations to meet their needs.

Hunger-Related Diseases

Illnesses that result directly or indirectly from insufficient food intake or poor nutritional quality.