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

question 187

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 consumer's income rises to $60,then the budget line for pizza and cola would

• A)now intersect the horizontal axis at 6 pizzas and the vertical axis at 60 colas.
• B)not change.
• C)now intersect the horizontal axis at 4 pizzas and the vertical axis at 16 colas.
• D)rotate outward along the cola axis.

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Definitions:

Psychological Control

The manipulation of someone else's psychological and emotional state to influence their behavior, often in a negative way.

Punishment

The infliction of a penalty or negative consequence on someone as a response to undesirable behavior, intended to decrease that behavior's occurrence.

Spanked

The act of hitting someone, typically a child, on the buttocks as a form of punishment.

Predictor

A variable or factor that is used to forecast or indicate a potential result or outcome in various contexts, including statistical, psychological, and environmental.