An Increase in the Price of a Good Causes

question 114

Multiple Choice

An increase in the price of a good causes

• A) a change in the slope of the budget line.
• B) an increase in the consumption of that good.
• C) a rightward shift of the demand curve for that good.
• D) a parallel rightward shift of the budget line.

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Definitions:

Parents

The caregivers of a child, who may be biological or adoptive mothers and fathers, providing support, guidance, and resources for the child's development.

Peers

Individuals who are equal in age or position, often influencing behavior and social development.

Older Adults

Refers to individuals typically aged 65 years and older, often marked by increased healthcare needs and varying degrees of independence.

Orgasmic

Orgasmic pertains to the climax of sexual excitement, characterized by intensely pleasurable feelings centered in the genitals and, in some cases, other parts of the body.