Assume Kara's Budget Constraint Is Represented by Line a in the Graph

question 2

Multiple Choice

Assume Kara's budget constraint is represented by line A in the graph shown, and that her income to spend on these two items is $24. Her budget constraint will move to line B if the price of movie tickets:

• A)decreases to $4.
• B)increases to $4.
• C)decreases to $6.
• D)increases to $6.

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Definitions:

Section 5

Could refer to a specific part of a law or statute, needing further context to accurately define; generally, it's used to denote a particular subsection of legal documentation.

FTC Act

The Federal Trade Commission Act, a law that established the FTC and aims to prevent unfair competition, and deceptive or unfair business practices.

Deception

The act of misleading or concealing the truth to manipulate or cheat, which can be both socially and legally punishable.

Magnuson-Moss Act

A federal law enacted in 1975 aimed at improving consumer protections and warranties on household products and automobiles.