Ron Starts Out in Consumer Equilibrium,consuming Two Goods,X and Y

question 61

Multiple Choice

Ron starts out in consumer equilibrium,consuming two goods,X and Y.Ron's income rises.At this point,we can definitely conclude that

• A)MU_X/P_X > MU_Y/P_Y,and then Ron increases his consumption of X.
• B)MU_X/P_X > MU_Y/P_Y,and then Ron decreases his consumption of X.
• C)MU_X/P_X < MU_Y/P_Y,and then Ron increases his consumption of X.
• D)MU_X/P_X < MU_Y/P_Y,and then Ron decreases his consumption of X.
• E)none of the above.

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Definitions:

Bone Marrow

Bone marrow is the soft, spongy tissue inside bones that produces blood cells, including red and white blood cells and platelets.

Red Blood Cells

Cells in the blood that carry oxygen from the lungs to the body's tissues and carbon dioxide back to the lungs to be exhaled, crucial for the body's respiratory process.

Hemoglobin

The combination of a protein and iron pigment in the red blood cells that attracts and carries oxygen in the body.

Red Blood Cells

Cells found in blood that are responsible for carrying oxygen from the lungs to the body's tissues and returning carbon dioxide from the tissues back to the lungs.