The Following Figure Shows a Portion of a Consumer's Indifference

question 100

Multiple Choice

The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $7 and the consumer's income is $700.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve I.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II.The income effect of the change in the price of X is

• A)+12
• B)+10
• C)-10
• D)+32
• E)+42

Recognize key labor movements and their outcomes during the Depression era.

Comprehend the changes in civil liberties and labor rights during the 1930s.

Identify the factors that ended the Great Depression.

Understand the tactics and strategies used by labor unions for bargaining rights.

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