Use the Following to Answer Question

question 135

Multiple Choice

Use the following to answer question:
-(Figure and Table: The Budget Line) Use Figure and Table: The Budget Line.A(n) _____ in the price of potatoes would rotate the budget line,changing the intercept on the _____ axis and moving it _____ the origin.

• A)increase;horizontal;away from
• B)decrease;horizontal;toward
• C)increase;vertical;toward
• D)decrease;vertical;toward

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Definitions:

Transaction

An instance of buying or selling something; a business deal or action.

Utmost Good Faith

A legal doctrine requiring parties in certain types of contracts, such as insurance, to act honestly and disclose all relevant information.

Transaction

The act of conducting business or exchanging goods, services, or financial assets between parties.