A Budget Line Will Shift Outward and Not Change Its

question 105

Multiple Choice

A budget line will shift outward and not change its slope if

• A) there is an increase in the consumer's budget.
• B) the consumer's preferences change.
• C) the price of one good changes.
• D) the price of both goods increase by the same percentage.
• E) None of the above shift the budget line outward.

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Definitions:

Tilted Layers

Stratified rock formations that have been inclined from their original horizontal position through tectonic activities.

High-grade Metamorphic

Rocks that have undergone significant metamorphism, involving high temperature and pressure, resulting in profound changes in mineralogy, texture, and chemical composition.

Gneiss

A metamorphic rock that contains a gneissic foliation defined by a preferred orientation of crystals and generally by alternating lighter and darker colored bands.

Catskill Mountains

A mountain range located in southeastern New York, known for its picturesque landscapes and outdoor recreational activities.