Figure 5-13 -When the Price of a Good Changes but the Price

question 119

Multiple Choice

Figure 5-13
-When the price of a good changes but the price of the only other good bought by a consumer stays constant, his

• A)budget line shifts.
• B)indifference curves shift.
• C)budget line changes slope.
• D)indifference curves change slope.

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Definitions:

External Attributions

The process of attributing the cause of one's own or others' behavior to external factors, circumstances, or situations outside one's control.

Control

The ability to sway or guide the actions of individuals or the direction of happenings.

Luck

The concept of experiencing positive, negative, or unexpected outcomes without a clear cause or reason.

Other People

Refers to individuals or groups outside of oneself, often considered in the context of social relationships or interactions.