Which of the Following Is Not Correct

question 246

Multiple Choice

Which of the following is not correct?

• A)An increase in income shifts a consumer's budget constraint outward.
• B)An increase in the price of good X causes a consumer's budget constraint to rotate inward along the X axis.
• C)A decrease in the price of good Y causes a consumer's budget constraint to rotate outward along the Y axis.
• D)Changes in income affect the slope of the budget constraint as well as its location on a graph.

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Definitions:

Idiographic

An approach focusing on the individual and understanding the unique aspects of that particular individual.

Quantitative Research

A research method focusing on obtaining data through measurable and typically numeric methods to understand patterns, relationships, or causal effects.

Methodology

A system of methods used in a particular area of study or activity, particularly in research.

Context

The circumstances or setting in which a research study is conducted, including cultural, environmental, and temporal factors that may affect outcomes.