Assume That a Consumer Purchases Only Two Products

question 99

Multiple Choice

Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two products also double. These changes in income and prices will result in

• A) a shift of the budget line inward to the left.
• B) a shift of the budget line outward to the right.
• C) no change in the budget line.
• D) an increase in the slope of the budget line.

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Definitions:

Dashboards

Interactive tools that visually track, analyze, and display key indicators, metrics, and data points to monitor the health, performance, or efficiency.

User-Generated Content

Media content created and published by non-professional contributors, usually customers or fans, which can influence perceptions and behaviors towards a brand or product.

Sites

Locations or places, often referring to physical areas or positions but also used to denote virtual spaces on the internet such as websites.

Content Marketing

A strategic marketing approach focused on creating and distributing relevant, valuable, and consistent content to attract and retain a clearly defined audience.