An Increase in a Consumer's Budget

question 180

Multiple Choice

An increase in a consumer's budget

• A) changes the relative prices of the goods.
• B) changes the slope of the budget line.
• C) decreases consumption possibilities.
• D) increases consumption possibilities.
• E) has no effect on the consumer's budget line.

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Definitions:

Follow-Up Required

Indicates that additional actions, checks, or communications are necessary to complete a task, resolve an issue, or ensure outcomes.

Routine Reply

A standard or typical response given to frequently encountered questions or situations.

Positive Message

Communication that conveys good news or a positive sentiment, often intended to motivate or encourage.

Resale Opportunity

The chance to sell a product or service again, potentially at a higher price, to a new customer.