Identify the Statement That Is False $x$ Changes Both The $x$ -Intercept and the Slope of the Budget Constraint

question 6

Multiple Choice

Identify the statement that is false.

• A) An increase in the amount of income changes the intercepts of the budget constraint but not the slope.
• B) An increase in the price of good \(x\) changes both the \(x\)-intercept and the slope of the budget constraint.
• C) An increase in the price of good \(x\) and an equal percentage increase in the price of good \(y\) changes the \(x\)-intercept, the \(y\)-intercept, and the slope of the budget constraint.
• D) An increase in the price of good \(x\) and an increase in the price of good \(y\) may or may not change the slope of the budget constraint.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Extraversion

A trait characterized by tendencies to be socially outgoing and to express feelings and impulses freely.

Well-Adjusted Immigrants

Individuals who have successfully adapted to a new cultural environment, maintaining psychological health and well-being.

Dominant Culture

The prevailing cultural practices, beliefs, and values that are accepted and enforced by the majority within a society.