In What Direction Will a Decrease in Income Cause a Shift

question 6

Multiple Choice

In what direction will a decrease in income cause a shift in the budget constraint

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

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Definitions:

GEO

Geographical information, often used in the context of mapping, location services, and geographic analysis.

Stationary

Items such as paper, pens, and office supplies that are designed for writing or office work and do not move.

LEO

Low Earth Orbit, referring to a satellite system orbiting relatively close to Earth, often used for telecommunications and satellite images.

MEO

Medium Earth Orbit, referring to satellites that orbit the Earth at altitudes typically ranging from 2,000 to 35,786 kilometers, used for communication and navigation.