If a Budget Line Rotates Inward and Becomes Steeper,then the

question 116

Multiple Choice

If a budget line rotates inward and becomes steeper,then the

• A) consumer's budget decreased.
• B) consumer's budget increased.
• C) price of one of the goods decreased.
• D) price of one of the goods increased.
• E) price of both of the goods must have decreased.

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Definitions:

Moral Guidelines

Principles or rules of conduct based on ethical considerations and societal norms that inform decisions and actions.

Ethics

A set of moral guidelines and principles that influence our behaviors and interactions.

Behaviors

Actions or reactions of a person or system, often in response to the environment or stimuli.

Misappropriation

The unauthorized use of another's name, likeness, or personal information for personal gain.