Suppose That Over a 12-Month Period,Sonali's Income (Y)rises from $27

question 56

Multiple Choice

Suppose that over a 12-month period,Sonali's income (Y) rises from $27 000 to $35 000 per year and,as a result,her spending on travel (T) increases from $1500 to $2500 per year.Assume there is a linear relation between the two variables,Y and T.What is the marginal response in T to a change in Y?

• A)8
• B)4
• C)0
• D)0.25
• E)0.125

---

Definitions:

Possible Solutions

Potential ways or methods to solve a problem or address a situation effectively.

Problem Solving

The process of identifying solutions to a problem or achieving a goal.

Algorithm

A step-by-step set of instructions designed to perform a specific task or solve a particular problem.

Problem Solving

The method of recognizing an issue, creating potential solutions, and implementing the most suitable action plan.