Suppose a Consumer Purchases Two Goods, a and B

question 33

Multiple Choice

Suppose a consumer purchases two goods, A and B , and that the price of A doubles, the consumer's income doubles, and the price of B remains unchanged. If good A is plotted on the horizontal axis, the budget line

• A) will remain unchanged.
• B) will become steeper.
• C) will become flatter.
• D) will shift out from the origin parallel to the original budget line.

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Definitions:

Legal

Pertaining to the law or the practice of law, including the system of rules that a particular country or community recognizes as regulating the actions of its members.

Financial Resources

Assets in the form of money or other valuables that an individual or organization can draw upon to fund its operations, investments, and to secure its future.

Coping Strategies

Techniques or methods that individuals use to handle, endure, or minimize stress and conflict in life.

Hormone

Chemical messengers produced by glands in the body that regulate physiological functions and behavior by traveling through the bloodstream to target organs.