Suppose a Consumer Spends His Income on CDs and DVDs

question 445

Multiple Choice

Suppose a consumer spends his income on CDs and DVDs. If his income decreases, the budget constraint for CDs and DVDs will

• A)shift outward, parallel to the original budget constraint.
• B)shift inward, parallel to the original budget constraint.
• C)rotate outward along the CD axis because he can afford more CDs.
• D)rotate outward along the DVD axis because he can afford more DVDs.

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Definitions:

Picture Color Options

Picture color options refer to the adjustments and filters that can be applied to change the color properties of an image in a software application.

Stacked Objects

Multiple objects placed directly on top of one another, often referring to graphic design or 3D modeling contexts.

Title Slide

The introductory slide in a presentation that typically includes the presentation title, presenter name, and other relevant information.

Placeholder

An element or symbol used to temporarily represent the position or intended data in a document or data structure until the actual data is available.