If the Prices of Both Goods and Income Increase by the Same

question 31

Multiple Choice

If the prices of both goods and income increase by the same percentage,what will happen to the budget line?

• A) The budget line rotates inward from the intercept on the axis of the good that did not change in price.
• B) The budget line rotates outward from the intercept on the axis of the good that did not change in price.
• C) The budget line shifts outward without a change in slope.
• D) Nothing.

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Definitions:

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Oppression

The systemic and pervasive mistreatment of individuals or groups by others who hold more power.

Summarization

The act of condensing information into a shorter form while retaining the essential points.

Continuous Eye Contact

Maintaining unbroken visual engagement with another person's eyes, often signifying attention, confidence, or social connection.