Increases in the Price of the Good Measured on the Horizontal

question 17

Multiple Choice

Increases in the price of the good measured on the horizontal axis will make the horizontal intercept _____ and make the budget line _____.

• A) larger; steeper
• B) larger; flatter
• C) smaller; steeper
• D) smaller; flatter

---

Definitions:

Illegal Behavior

Actions or activities that are forbidden by law and subject to criminal or civil penalties.

Reactive Problem Solving

A method of addressing issues as they occur, rather than anticipating and planning for potential problems.

Purchasing Generators

Refers to the process of acquiring generators, which are machines that convert mechanical energy into electrical energy, for use in various applications.

Contingency Plan

A prepared strategy or procedure designed to address possible future events or circumstances that may disrupt normal operations or require a swift response.