What Does It Mean When a Budget Constraint Shifts Outward

question 86

Multiple Choice

What does it mean when a budget constraint shifts outward

• A)The outward shift could only have been caused by an increase in income.
• B)The budget constraint would move closer to the origin.
• C)The outward shift could only have been caused by an increase in the price of one of the goods.
• D)The consumer can reach a higher indifference curve.

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Definitions:

Witnesses

Individuals who see or experience an event and are able to provide a testimony about it.

Altruistic Personality

A personality trait characterized by the inclination to help others selflessly without expecting any reward.

Altruistic Tendencies

The inclination to act in a selfless manner, prioritizing the welfare of others even at a personal cost, reflecting a fundamental aspect of human social behavior.

Agreeableness

A personality trait characterized by warmth, friendliness, and a cooperative disposition.