If We Observe That a Consumer's Budget Constraint Has Shifted

question 442

Multiple Choice

If we observe that a consumer's budget constraint has shifted inward, we can assume that the consumer will buy

• A)fewer normal goods and more inferior goods.
• B)more normal goods and fewer inferior goods.
• C)more normal goods and more inferior goods.
• D)fewer normal goods and fewer inferior goods.

---

Definitions:

Interpreting

Interpreting is the process of translating spoken or signed language into another language, facilitating communication between parties who do not share a common language.

Small Tolerances

Specifications that allow for very limited variations in size, weight, or other dimensions in manufacturing or engineering.

Produce

To create, manufacture, or cultivate goods, products, or crops.

Measure

A quantitative or qualitative assessment tool used for determining the size, amount, or degree of an object or phenomenon.