An Increase in a Consumer's Income

question 353

Multiple Choice

An increase in a consumer's income

• A)increases the slope of the consumer's budget constraint.
• B)has no effect on the slope of the consumer's budget constraint.
• C)decreases the slope of the consumer's budget constraint.
• D)has no effect on the consumer's budget constraint.

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Definitions:

Coping

Alleviating stress using emotional, cognitive, or behavioral methods.

Maladaptive Behavior

Actions or tendencies that reduce an individual's ability to adjust well to certain situations, often negatively impacting their life and health.

Fixated

Being obsessively focused on an idea or thing.

Psychosexual Stage

A concept in Freudian psychology that describes the series of stages through which a child's libido develops, focusing on different areas of the body.