A Budget Line Will Shift Outward and Not Change Its

question 105

Multiple Choice

A budget line will shift outward and not change its slope if

• A) there is an increase in the consumer's budget.
• B) the consumer's preferences change.
• C) the price of one good changes.
• D) the price of both goods increase by the same percentage.
• E) None of the above shift the budget line outward.

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Definitions:

Consideration Stage

A phase in the customer journey where potential buyers evaluate different products or brands before making a purchase decision.

Sales Promotion

A marketing strategy that uses short-term incentives to encourage the purchase or sale of a product or service.

Consideration Stage

A phase in the buyer's journey where potential customers evaluate the benefits and drawbacks of different options before making a purchase decision.

Direct Marketing

A form of advertising where companies communicate directly with consumers through various channels such as email, mail, or phone, without intermediaries.