Figure 11-3 -In Figure 11-3, Which Line Represents the Change in the the Change

question 75

Multiple Choice

Figure 11-3

-In Figure 11-3, which line represents the change in the consumption schedule caused by a cut in fixed taxes?

• A) C₁ in graph (a)
• B) C₂ in graph (a)
• C) C₁ in graph (b)
• D) C₂ in graph (b)

---

Definitions:

Voucher

A document authorizing a payment, or indicating an intention to make a payment, for goods or services received.

Cash Payments

Transactions that involve the immediate transfer of cash to settle debts or purchase goods or services.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Currency

Currency is a system of money in general use in a particular country, facilitating the exchange of goods and services.