A Consumer's Budget Line Will Shift to the Left in a Parallel

question 139

Multiple Choice

A consumer's budget line will shift to the left in a parallel manner if:

• A) the price of the good on the X-axis increases.
• B) the price of the good on the Y-axis increases.
• C) the consumer's income increases.
• D) the consumer's income decreases.

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Definitions:

Semi-Permanent

Describes a connection or assembly that is designed to be disassembled and reassembled, but not intended for frequent changes.

Standard Taper Pins

Standard Taper Pins are conically shaped metal pins used to position and secure two parts together, allowing for easier alignment and assembly due to their tapered design.

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere, representing its width.

Broaching

A machining process that uses a toothed tool, called a broach, to remove material.