If the Price of Good X Decreases,what Will Happen to the Budget

question 40

Multiple Choice

If the price of good X decreases,what will happen to the budget line?

• A) It will have a parallel shift inward.
• B) It will have a parallel shift outward.
• C) It will become steeper.
• D) It will become flatter.

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Definitions:

Engineer

A professional who applies scientific knowledge and mathematics to develop solutions for technical problems.

Doctor

A professional who practices medicine, which involves promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

Heterarchy

A form of organization where elements are unranked or where they possess the potential to be ranked in a number of different ways.

Power Struggles

Conflicts arising from two or more parties competing for control, authority, or dominance within an organization or relationship.