If the Price of a Good Shown on the Vertical

question 13

Multiple Choice

If the price of a good shown on the vertical axis of a budget graph is cut in half and the price of the good on the horizontal axis is cut by 75%, then the budget constraint shifts

• A)left and becomes steeper.
• B)right and becomes steeper.
• C)left and becomes flatter.
• D)right and becomes flatter.

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Definitions:

Technical Skills

Competencies and knowledge required to perform specific tasks, often related to IT, engineering, or other specialized fields, involving practical expertise.

Human Development

The process of improving people's well-being through education, health care, and access to opportunities.

Career Advancement

The process of gaining higher level positions, increased responsibility, and better compensation within one's profession over time.

Cash Flow

The total amount of money being transferred into and out of a business, determining its liquidity, operational efficiency, and financial health.