Suppose a Consumer Purchases Two Goods, and ,And

question 13

Multiple Choice

Suppose a consumer purchases two goods, and ,and that the price of doubles,the consumer's income doubles,and the price of remains unchanged.If good is plotted on the horizontal axis,the budget line

• A) will remain unchanged.
• B) will become steeper.
• C) will become flatter.
• D) will shift out from the origin parallel to the original budget line.

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Definitions:

Knights of Labor

An influential labor organization in the late 19th century in the United States that aimed to protect and fight for workers' rights.

Skilled Craftsmen

Workers who have specialized in a particular trade or craft through extensive training and experience.

Industrial Workers

Individuals who are employed in sectors related to manufacturing, construction, and production, often involving manual labor.

American Federation of Labor

A prominent federation of labor unions in the United States, founded in 1886, which aimed to organize workers in skilled trades.