If the Price of Good X Increases,what Will Happen to the Budget

question 90

Multiple Choice

If the price of good X increases,what will happen to the budget line?

• A) It will have a parallel shift inward.
• B) It will have a parallel shift outward.
• C) It will become steeper.
• D) It will become flatter.

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Definitions:

Seminars

Educational meetings or sessions in which participants engage in discussions or receive expert knowledge on a particular topic.

Role-playing

A method of learning or training involving the acting out of roles to simulate real-life situations for practice or problem-solving purposes.

Technical Equipment

Tools or devices that are designed with sophisticated technology and engineering for specific tasks, often used in industries like telecommunications, manufacturing, and scientific research.

Vestibule Method

A training technique where employees learn their jobs on the equipment they will be using, but are trained in a separate space (a "vestibule") rather than on the production floor.