Suppose There Are Two Goods, the Prices of Both Goods

question 28

Multiple Choice

Suppose there are two goods, the prices of both goods are positive, and a consumer's income is also positive.If the consumer's income doubles and the price of both goods triple,

• A)the consumer's budget line gets steeper and shifts inward.
• B)the slope of the consumer's budget line does not change but the budget line shifts outward away from the origin.
• C)the consumer's budget line gets steeper and shifts outward.
• D)the slope of the consumer's budget line does not change but the budget line shifts inward toward the origin.
• E)the consumer's budget line gets flatter and shifts inward.

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Definitions:

Severe Depression

A form of depression that is intense in severity, potentially impairing the ability to function in daily life.

Electroconvulsive Therapy

A mental health therapy where seizures are deliberately caused using electrical currents to alleviate symptoms of psychiatric conditions.

Psychoactive Drugs

Chemical substances that alter thinking, perception, and memory.

Medically Based Therapy

Treatments or interventions that are grounded in or founded on established medical science or practices.