Assume There Is a Budget Line with Bagels on the Vertical

question 393

Multiple Choice

Assume there is a budget line with bagels on the vertical axis and bananas on the horizontal axis. What happens to the budget line when the price of bagels falls by 10% and the price of bananas falls by 20%?

• A) There is a parallel outward shift of the budget line.
• B) There is a parallel inward shift of the budget line.
• C) The budget line changes to have a steeper slope.
• D) The budget line changes to have a flatter slope.

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Definitions:

Secretarial Pool

A group of secretaries or administrative assistants available to support different executives or departments within an organization, often on an as-needed basis.

Entry-level Position

A job that requires minimal prior experience or skills, typically designed for newcomers in a specific field or industry.

Work Assignments

Specific tasks or duties assigned to employees or team members as part of their job responsibilities.

Control Over Work

The extent to which employees have the power to make decisions about their work processes, schedules, and environment.