If the Budget Line Rotates Inward and Becomes Steeper,there Is

question 125

Multiple Choice

If the budget line rotates inward and becomes steeper,there is a

• A) higher opportunity cost of the good measured on the x-axis.
• B) lower opportunity cost of the good measured on the x-axis.
• C) larger budget.
• D) higher price for the good measured on the y-axis.
• E) lower price for the good measured on the x-axis.

---

Definitions:

Investment in Humble

A financial stake in the company Humble, potentially involving the purchase of shares or other assets to gain a financial return.

FVE Method

An accounting technique where assets and liabilities are valued and reported at their fair value for financial reporting purposes.

Cost Method

An accounting method for investment, where the investment is recorded at cost and is adjusted for dividends received, rather than market value fluctuations.

Investment Account

An account held at a financial institution that contains securities, cash, and other investments owned by the account holder.