Assume Claudia's budget constraint is demonstrated by line A in the graph shown.Which of the following would cause Claudia's budget constraint to shift to line C?
Definitions:
Production Technology
The methods, equipment, and software used in the creation of goods and services, emphasizing efficiency and effectiveness.
Business Organization
Refers to the structure and mechanisms through which a business operates and is governed, including sole proprietorships, partnerships, and corporations.
Life Expectancy
The average number of years a person is expected to live, based on statistical averages for a particular population or region.
Creative Destruction
a concept in economics which suggests that new innovations continually destroy old industries or practices, making way for new growth and advancements.
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