A Decrease in Income Will Cause a Shift in the Budget

question 79

Multiple Choice

A decrease in income will cause a shift in the budget constraint

• A)outward.
• B)towards the good most consumed.
• C)towards the good least consumed.
• D)inward.

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Definitions:

Event Marketing

The promotional strategy that involves face-to-face contact between companies and their customers at special events like concerts, fairs, and sporting events.

Charitable Performances

Events or shows organized to raise funds or awareness for charitable causes or nonprofits.

Place Utility

The value added to products through making them more accessible or convenient to consumers, often by changing their location.

Sandwich Stand

A food service establishment specializing in the preparation and sale of sandwiches.