Which of the Following Is Likely to Occur If a Consumer's

question 82

Multiple Choice

Which of the following is likely to occur if a consumer's income declines with no change in the price level?

• A)The consumer will shift to a lower indifference curve.
• B)The consumer will consume fewer amounts of the inferior good.
• C)The consumer's real income will increase.
• D)The income effect on consumption will be zero.

---

Definitions:

Corporate Philanthropy

The act of organizations voluntarily donating some of their profits or resources to charitable causes.

Quantitative

This term relates to a research or data type that is able to be measured or quantified, often involving statistical, mathematical, or computational techniques.

Qualitative Measurements

Non-numerical data collection or analysis that focuses on understanding concepts, thoughts, or experiences.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.