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This Graph Shows Three Different Budget Constraints: A,B,and C

question 17

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This graph shows three different budget constraints: A,B,and C. This graph shows three different budget constraints: A,B,and C.   If Bart has budget constraint A in the graph shown,what would cause his budget constraint to shift to B? A) Bart's income has decreased. B) The price of soda has increased. C) The price of soda has decreased. D) The price of milk has increased. If Bart has budget constraint A in the graph shown,what would cause his budget constraint to shift to B?


Definitions:

Maximum Amount

The highest possible quantity or level that can be reached or allowed.

Leisure Time

Free time that an individual can spend away from work, business, or domestic chores, often used for relaxation, recreation, or hobbies.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that can be produced using limited resources.

Operate Inside

To conduct activities within a certain area or system.

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