If the Price of Good X Decreases,what Will Happen to the Budget

question 40

Multiple Choice

If the price of good X decreases,what will happen to the budget line?

• A) It will have a parallel shift inward.
• B) It will have a parallel shift outward.
• C) It will become steeper.
• D) It will become flatter.

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Definitions:

Auto Theft

The illegal act of stealing or attempting to steal a motor vehicle.

Shoplifting

The act of stealing merchandise from a retail establishment without paying for it.

Opportunist Robber

A criminal who takes advantage of a situation to commit theft, often acting on impulse when a vulnerable target presents itself.

Deep Commitment

A profound dedication or strong emotional bond to a cause, activity, or another person.