If a Consumer's Budget Increases,the Budget Line

question 245

Multiple Choice

If a consumer's budget increases,the budget line

• A) rotates outward and its slope changes.
• B) rotates inward and its slope changes.
• C) shifts outward and its slope does not change.
• D) shifts inward and its slope does not change.
• E) does not change.

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Definitions:

Cultural System

A complex set of values, beliefs, institutions, and artifacts that define a society and influence behavior and social norms.

Functional Areas

Distinct sectors within an organization or industry that specialize in specific aspects of the business operation, such as marketing, finance, human resources, and research and development.

Ecology

The branch of biology that deals with the relations of organisms to one another and to their physical surroundings.

Enacted Norm

A rule or behavior that is adopted by a group and guides actions within specific contexts, distinguishing between acceptable and unacceptable actions.