If the Quantity of Hamburgers Is Measured Along the Horizontal

question 24

Multiple Choice

If the quantity of hamburgers is measured along the horizontal axis and the quantity of movies is measured along the vertical axis, an increase in the price of a movie would be shown by

• A) shifting the budget constraint in towards the origin.
• B) shifting the budget constraint out.
• C) rotating the budget constraint around the horizontal intercept such that the new vertical intercept is closer to the origin.
• D) making the budget constraint steeper.

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Definitions:

Success

The achievement of a set goal, target, or objective.

Failure

The state or condition of not meeting a desirable or intended objective, often perceived as the opposite of success.

Likert Scale

A psychometric scale commonly involved in research that employs questionnaires. It is used for assessing attitudes by asking respondents to rate their level of agreement to a statement.

Strongly Agree

A term used in surveys and questionnaires indicating a high level of concurrence with a stated proposition.