Figure 10-4 -Refer to Figure 10-4.Suppose the Price of Pizza Increases While

question 119

Multiple Choice

Figure 10-4
-Refer to Figure 10-4.Suppose the price of pizza increases while the price of hamburger remains constant.Then,the consumer's

• A) indifference curve becomes more concave away from the origin.
• B) indifference curve becomes straighter.
• C) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
• D) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.

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Definitions:

Need Deficiencies

A state where there is a lack or insufficiency of something necessary or desired within an individual or organization.

Motivational Process

The series of steps whereby personal desires incite an individual to take action towards goals.

Rewards Or Punishments

Consequences used to influence behavior, with rewards intended to reinforce desired behavior and punishments to discourage undesired behavior.

Work Effort

The amount of physical or mental energy put into a job or task to achieve a certain output or performance level.