An Increase in the Price of One Good Would Cause

question 47

Multiple Choice

An increase in the price of one good would cause a budget line to ____ while an increase in the budget would cause a budget line to _____.

• A) pivot inward; shift parallel outward
• B) pivot outward; shift parallel outward
• C) pivot inward; shift parallel inward
• D) pivot outward; shift parallel inward

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Definitions:

Hypothalamus

A region of the brain responsible for producing hormones that control bodily functions such as temperature, hunger, and sleep.

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing.

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory, and in spatial memory that enables navigation.

Genetic Predisposition

The increased likelihood of developing a particular disease based on a person's genetic makeup.