If the Quantity of Tea Is Measured on the Horizontal

question 142

Multiple Choice

If the quantity of tea is measured on the horizontal axis and the quantity of coffee is measured on the vertical axis,an increase in the price of coffee will cause a budget constraint to ________.

• A) pivot leftward along the vertical axis
• B) pivot rightward along the vertical axis
• C) pivot leftward along the horizontal axis
• D) pivot rightward along the horizontal axis

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Definitions:

Maximum-Output Alternatives

Options within a production process that result in the highest level of output, utilizing resources to their fullest potential.

Specialization

The process by which individuals, firms, or countries concentrate on producing a narrow range of goods or services to gain greater efficiencies and boost economic output.

Brazil

A large South American country with a diverse ecosystem, known for its Amazon rainforest, rich culture, and significant economic influence in Latin America.

Poland

A country located in Central Europe, known for its rich history, cultural heritage, and significant contributions to the arts, science, and politics.