The Figure Below Shows a Consumer Maximizing Utility at Two

question 43

Multiple Choice

The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel) .The price of good Y is $4.50.When the price of X increases from point S to point R along the demand curve,the total effect of the price increase is ________.

• A)+2
• B)+2.5
• C)-15.5
• D)-18
• E)-21

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Definitions:

DRM Paradigm

A cognitive psychology experiment that studies false memory by having participants recall a list of semantically related words, only to commonly falsely remember a related word not presented.

Memory Intrusions

Unwanted, involuntary memories that disrupt current thought processes and activities, often associated with trauma or stress.

Semantic Associates

Words or concepts that are related in meaning and can be recalled together due to their semantic connections.

Source Confusion

A memory error where the origin of a memory is incorrectly attributed to a specific source.