If the Graph Shown Represents Heather's Budget Constraint,and the Price

question 77

Multiple Choice

If the graph shown represents Heather's budget constraint,and the price of hairbands were to decrease,the slope of Heather's budget constraint would become:

• A) flatter, reflecting the fact that hairbands are now relatively less expensive.
• B) steeper, reflecting the fact that hairbands are now relatively more expensive.
• C) flatter, reflecting the fact that earrings are now relatively less expensive.
• D) steeper, reflecting the fact that earrings are now relatively more expensive.

---

Definitions:

Lasting Difference

A change or impact that persists over time, often signifying a notable deviation from a previous state or condition.

Career Consolidation

Career consolidation is a life stage where individuals focus on career development, seeking job security and satisfaction.

George Vaillant

A psychiatrist and researcher who contributed significantly to the study of adult development, emphasizing the importance of coping mechanisms and positive aging.

Young Adults

Individuals in a life stage following adolescence, typically aged 18 to 25, navigating increased independence and personal and professional development.