An Increase in Income with No Changes in the Price

question 26

Multiple Choice

An increase in income with no changes in the price of either good will cause

• A)an inward shift of the budget curve.
• B)an outward shift of the budget curve.
• C)no change in the budget curve.
• D)an inward rotation of the budget curve.

---

Definitions:

Organizational Response

Refers to how an organization reacts to internal or external stimuli, which can include changes in the market, competition, or regulations.

Control

The power to influence or direct people's behavior or the course of events, or in a technical context, mechanisms or procedures to regulate and guide the operation of a system or device.

BYOD Challenge

The challenges faced by organizations in allowing employees to use their personal devices for work purposes, including security and compatibility concerns.

Government Regulations

Government regulations are rules or laws established by government bodies to control the behavior of individuals, businesses, or other entities.