The Price of X Is $20 and the Price of Y

question 60

Multiple Choice

The price of X is $20 and the price of Y is $40.

-Based on the above graph,if income is $800,how many units of Y will the consumer choose?

• A)6
• B)7
• C)8
• D)9
• E)10

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Definitions:

Object Reference

In computing, it's a reference that points to a location in memory where the data for an object is stored.

Imprinting

A rapid learning process that occurs early in an animal's life, where it forms attachments and recognizes patterns.

Assimilating

The cognitive process of fitting new information into existing cognitive schemas, perceptions, and understanding.

Equilibrating

The process of balancing or maintaining equilibrium in physical systems, psychological states, or socio-economic contexts.