A Consumer Has $100 That She Can Spend on Tables

question 129

Multiple Choice

A consumer has $100 that she can spend on tables and chairs.If her income increases to $200 and the prices of tables and chairs remains unchanged,her budget constraint will ________.

• A) pivot to the left along the vertical axis
• B) pivot to the right along the horizontal axis
• C) shift to the left
• D) shift to the right

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Definitions:

Quit Smoking

The process of discontinuing tobacco smoking, which often requires behavioral change strategies, support, and sometimes medication.

Magical Thinking

The belief that one's thoughts, words, or actions can influence or bring about events in the physical world in a way that defies the known laws of nature.

Thought Insertion

A psychological phenomenon in which an individual believes thoughts that are not their own have been inserted into their mind.