Exhibit 6A-1 Budget Line

question 82

Multiple Choice

Exhibit 6A-1 Budget line
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​ As shown in Exhibit 6A-1, a rightward shift in the budget line from AB to CD would result from:

• A) ​ a price reduction in good X.
• B) ​ a price reduction in good Y.
• C) ​ a change in consumer preference.
• D) ​ an increase in consumer income.

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Definitions:

Exposed

Being in a state where something is uncovered or revealed, potentially subject to harm or criticism.

Effect

The result or outcome of a particular influence, action, or causal relationship.

Hardy Personality

A personality trait characterized by resilience and the ability to cope effectively with stress.

Qualities

Characteristics or attributes that can be used to describe or evaluate something or someone.