An Increase in the Price of Good X Will Have

question 96

Multiple Choice

An increase in the price of good X will have what effect on the budget line on a normal X-Y graph?

• A) A parallel outward shift of the line
• B) An increase in the vertical intercept
• C) A decrease in the horizontal intercept
• D) A parallel inward shift of the line

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Definitions:

Fails An Exam

The occurrence of not achieving a passing grade or mark on an academic evaluation.

Defense Mechanism

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses.

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, and motives to another person.

Hostility

An emotion or behavior characterized by anger, unfriendliness, or opposition towards others.