Decreases in Product Prices Causes the Consumer's

question 32

Multiple Choice

Decreases in product prices causes the consumer's:

• A) production possibilities curves to shift outward from the origin.
• B) production possibilities curves to shift inward to the origin.
• C) budget line to shift outward from the origin.
• D) budget line to shift inward to the origin.

---

Definitions:

Public Self-awareness

A heightened sense of self-consciousness that arises when an individual is aware of being observed or evaluated by others.

Public Image

The perception of a person, organization, or brand that is publicly communicated or assumed by the wider community.

Empirical Studies

Research based on observed and measured phenomena and derives knowledge from actual experience rather than from theory or belief.

Self-awareness

The awareness of one's own personality, emotions, motivations, and wishes.