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:

Unrealistic Impression

A mistaken or over-optimistic idea about someone or something that does not align with reality.

Written Referral

A Written Referral is a document provided by a professional recommending a patient or client to another specialist or service for further treatment or assessment.

Comprehensive Services

A wide-ranging set of programs or interventions designed to address multiple aspects or dimensions of a problem, issue, or need.

Duplication

The act or process of making an exact copy of something, or repetition of an effort, which can lead to inefficiency or waste in some contexts.