Scenario 21-1 Suppose the Price of Pizza Is $10, the Price of Price

question 133

Multiple Choice

Scenario 21-1
Suppose the price of pizza is $10, the price of cola is $1, and the consumer's income is $50. In addition, suppose the consumer's budget constraint measures pizza on the horizontal axis and cola on the vertical axis.
-Refer to Scenario 21-1.If the price of cola doubles to $2,then the

• A)budget constraint intersects the vertical axis at 25 colas.
• B)slope of the budget constraint rises to -2.
• C)budget constraint intersects the vertical axis at 100 colas.
• D)budget constraint shifts inward in a parallel fashion.

---

Definitions:

Defamation Action

A legal claim brought against someone who has made false statements that damage another person's reputation.

Spreads False Information

The dissemination of untrue information or statements, often with the intent to deceive or mislead.

Sued

The act of bringing a lawsuit against an individual or entity, seeking legal remedy for harm or grievances.

Personal Information Protection

Personal Information Protection involves measures and regulations designed to safeguard individuals' private data from unauthorized access or misuse.