Use the Following to Answer Question(s): Consumer Equilibrium 2

question 79

Multiple Choice

Use the following to answer question(s) : Consumer Equilibrium 2

-(Exhibit: Consumer Equilibrium 2) Given the exhibit, which of the following is (are) true?

• A) To increase utility beyond that received at point I requires a change in the preferences of the consumer.
• B) Point J could be attained with an increase in the consumer's budget.
• C) An increase in the prices of good X and good Y would allow the consumer to attain point J.
• D) Both A and B are true.

---

Definitions:

African Americans

Refers to the ethnic group of Americans with total or partial ancestry from any of the black racial groups of Africa.

Ecologies

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

Native Tribes

Indigenous peoples with distinct cultures, languages, and traditions, often associated with a specific territory or geographic area.

Great Plains

A broad, flat region in the United States characterized by its extensive grasslands, stretching from the Mississippi River to the Rocky Mountains.