Which of the Following Could Change a Consumer's Budget Line

question 83

Multiple Choice

Which of the following could change a consumer's budget line?

• A)a change in utility
• B)an increase in the availability of substitute goods
• C)additional responsibilities taken on by the consumer
• D)a change in the price of one or more goods
• E)a reduction in the level of technical inefficiency in the market

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Definitions:

Cash Flows

The aggregate movement of liquid funds into and exiting from a corporation.

Cost of Money

Refers to the interest rate or the opportunity cost of borrowing or using money.

Car Dealer

A business that sells new or used cars at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.

Lease

A contractual agreement where one party, the lessor, grants the other party, the lessee, the right to use an asset for a specified period in exchange for payment.