A Change in the Slope of a Consumer's Budget Constraint

question 63

Multiple Choice

A change in the slope of a consumer's budget constraint indicates a change in the ________.

• A) price of either good purchased by the consumer
• B) consumer's income
• C) level of consumer satisfaction obtained from the consumption of both goods
• D) consumer's tastes and preferences

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Definitions:

BYOD

Bring Your Own Device, a policy allowing employees to use their personal devices for work purposes.

Mass Customization

A production and marketing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Software-Defined Infrastructure

An approach to data center management that allows policy-based control of compute, storage, and networking components.

Bank of America

One of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.