If One of the Products a Consumer Buys Rises in Price,the

question 120

Multiple Choice

If one of the products a consumer buys rises in price,the consumer's budget line will

• A) shift farther away from the origin of the graph and not change its slope.
• B) rotate inward, closer to the origin.
• C) vanish.
• D) undergo no change.
• E) shift farther away from the origin of the graph and become steeper.

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Definitions:

Single-Parent Family

A family structure involving one parent raising one or more children on their own, without the presence or support of the other biological parent.

Continuity

The unbroken and consistent existence or operation of something over a period of time.

Ethnic Minority

A group within a community which differs from the majority in racial, national, cultural, or religious characteristics.

Socioeconomic Status

A social standing or class of an individual or group often measured by education, income, and occupation.