If a Budget Line Rotates Inward and Becomes Steeper,then the

question 116

Multiple Choice

If a budget line rotates inward and becomes steeper,then the

• A) consumer's budget decreased.
• B) consumer's budget increased.
• C) price of one of the goods decreased.
• D) price of one of the goods increased.
• E) price of both of the goods must have decreased.

---

Definitions:

Population Size

The total number of individuals or units in the group that a researcher or analyst is interested in studying.

Probability Of Success

The likelihood of a particular outcome deemed as 'success' occurring in a given trial or experiment.

Coin Toss

A coin toss is a basic experiment in probability theory used to demonstrate randomness, with two possible outcomes: heads or tails.

Poisson Distribution

A probability distribution that measures the likelihood of a given number of events happening in a fixed interval of time or space.