The Following Figure Shows a Consumer's Budget Constraint for Jeans

question 59

Multiple Choice

The following figure shows a consumer's budget constraint for jeans and sweaters.

-Refer to the figure above.Suppose B₁ is the original budget constraint of a consumer.A change in the budget constraint from B₁ to B₂ indicates ________.

• A) an increase in the price of sweaters
• B) a decrease in the price of sweaters
• C) an increase in the consumer's income
• D) a decrease in the consumer's income.

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Definitions:

Molt

The process by which an animal sheds its skin, hair, feathers, or outer layer to allow for growth or the development of a new layer.

Specialized Cells

Cells that have developed unique characteristics and functions to perform specific roles within an organism.

Consumers

Organisms that obtain energy by feeding on other organisms or organic matter because they cannot produce their own food.

Multicellular Eukaryotes

Organisms composed of multiple cells with a distinct nucleus and organelles, including plants, animals, and fungi.