Use the Following to Answer Question

question 68

Multiple Choice

Use the following to answer question:
-(Figure: Kristin's Budget Line) Use Figure Kristin's Budget Line.The price of a cup of cappuccino is $3,and the price of an apple is $1.Suppose Kristin initially consumes 10 cups of cappuccino and 30 apples.Then,the price of apples increases to $3 each and the price of cappuccino remains unchanged.As a result of the price change,Kristin's optimal consumption bundle changes,reflected by a decrease in the consumption of both apples and cappuccinos.If Kristin is to maintain the same level of utility as before the price change,she must:

• A)increase her income.
• B)decrease her income.
• C)keep her income the same,since only one good's price changed.
• D)increase her income by $2.

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Definitions:

Adaptive Pathways

A flexible approach to drug development and regulation that aims to expedite access to new therapies for patients while gathering comprehensive data on its benefits and risks.

Overt Behavior

Visible or external actions or reactions that can be directly observed by others.

Operant Extinction

The process in behavior modification where behaviors are reduced or eliminated due to the withholding of reinforcement.

Reinforcing Events

Activities or occurrences that strengthen a particular behavior or response, making it more likely to occur in the future.