Figure 21-3 in Each Case, the Budget Constraint Moves from BC-1 to BC-1

question 74

Multiple Choice

Figure 21-3
In each case, the budget constraint moves from BC-1 to BC-2.
-Refer to Figure 21-3. Which of the graphs in the figure reflects a decrease in the price of good Y only?

• A)graph a
• B)graph b
• C)graph c
• D)graph d

---

Definitions:

Corporations

Legal entities recognized under the law, able to own property, incur debt, sue and be sued, and conduct business activities.

Ethical Initiatives

Actions or policies implemented by an organization to promote ethical behavior among its stakeholders and to ensure compliance with ethical standards.

Internally

Pertaining to or situated within the interior or inside of something, often referring to operations or processes within an organization.