If a Consumer's Income Increases,the Budget Constraint Will Pivot on the X

question 152

True/False

If a consumer's income increases,the budget constraint will pivot on the X axis so that the consumer will be able to consumer more of both goods.

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Definitions:

Natural Selection

A process in evolutionary biology where organisms better adapted to their environment tend to survive and produce more offspring.

Chlorpromazine

An antipsychotic drug used to treat a variety of mental health conditions such as schizophrenia and manic phases of bipolar disorder.

Haloperidol

A medication used to treat schizophrenia, acute psychosis, and to control tics and vocal utterances of Tourette syndrome.

Neurotransmitter Dopamine

A chemical in the brain that plays a major role in reward-motivated behavior and pleasure.