If We Observe That a Consumer's Budget Constraint Has Shifted

question 442

Multiple Choice

If we observe that a consumer's budget constraint has shifted inward, we can assume that the consumer will buy

• A)fewer normal goods and more inferior goods.
• B)more normal goods and fewer inferior goods.
• C)more normal goods and more inferior goods.
• D)fewer normal goods and fewer inferior goods.

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Definitions:

Developmental Task

A skill or growth responsibility that arises at or during a particular life stage, which an individual needs to successfully address to achieve healthy development.

Ethnic

Relating to a population subgroup (within a larger or dominant national or cultural group) with a common national or cultural tradition.

DNA Analysis

A technique used to identify, study, and evaluate the genetic information encoded in DNA to understand genetic relationships, disorders, or ancestries.

Political

Pertaining to the governance, policies, and affairs of a state or organization, often involving power and resource distribution.