The Following Diagram Shows Two Budget Lines: a and B

question 260

Multiple Choice

The following diagram shows two budget lines: A and B. Which of the following could explain the change in the budget line from A to B?

• A) a decrease in income and a decrease in the price of X
• B) a decrease in income and an increase in the price of X
• C) an increase in income and a decrease in the price of X
• D) an increase in income and an increase in the price of X

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Definitions:

Prospective Memory Processes

Cognitive processes involving the ability to remember to perform an intended action in the future, such as remembering to take medication at a certain time.

Schema-based Recall

The process of remembering information by relating it to an already existing cognitive framework or schema.

Episodic Memory

The type of memory that involves the recollection of specific events, situations, and experiences from one's life.

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, and general facts that are not tied to specific experiences.