A Decrease in the Price of a Good or Service

question 38

Multiple Choice

A decrease in the price of a good or service

• A)causes the budget line to rotate inward
• B)causes a parallel outward shift of the budget line
• C)means that less of the good can be purchased with a given income
• D)causes the budget line to rotate outward
• E)causes a parallel inward shift of the budget line

---

Definitions:

Prioritizing

The process of arranging or dealing with tasks, problems, or items in order of importance.

Practical Problems

Issues or challenges that arise in real-world settings, requiring practical solutions that can be applied effectively in specific contexts.

Ethical Imperatives

Moral obligations or principles that individuals or societies strive to follow and uphold.

Written Argumentation

The process of logically presenting reasons in writing to support or refute a given claim or position.