Samantha Has a Budget of $40 and Buys Beef Jerky

question 244

Multiple Choice

Samantha has a budget of $40 and buys beef jerky and fried pork rinds.Her budget does not change and the price of both beef jerky and fried pork rinds increases.As a result,

• A) Samantha's consumption possibilities have decreased.
• B) Samantha's budget line shifts inward.
• C) Samantha can still buy the combination of beef jerky and fried pork rinds she was initially consuming because her budget did not change.
• D) Answers A and B are correct.
• E) Answers A and C are correct.

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Definitions:

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or actions of others through argument, reasoning, or appeal.

Central Selling Point

The most compelling or attractive feature of a product or service that is emphasized in marketing.

Sales Message

A communication designed to persuade or inform potential customers about a product or service.