Use the Following to Answer Questions

question 61

Multiple Choice

Use the following to answer questions :
Figure: Budget Lines for Tea and Scones
-(Figure: Budget Lines for Tea and Scones) Use Figure: Budget Lines for Tea and Scones.For months now,Agnes has had $20 per month to spend on tea and scones.The price of each cup of tea and each scone has been $1.Which chart shows what will happen to her budget line if the price of both a cup of tea and a scone increase to $2?

• A) a
• B) b
• C) c
• D) d

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Definitions:

Exchange

In sociology, it refers to the act of trading goods, services, or favors between individuals or groups, often aiming for mutual benefit.

Economic Activity

Any actions that involve the production, distribution, and consumption of goods and services.

Sectors

Distinct parts of an economy or society, such as the public, private, and voluntary sectors, each with its specific characteristics and functions.

Tertiary

Referring to the third level or stage, often used in education (tertiary education) and economic sectors (tertiary sector or services sector).