Assume You Are Consuming Two Goods,X and Y

question 73

Multiple Choice

Assume you are consuming two goods,X and Y.X and Y are both normal goods but they are not close complements.The price of good X increases but the price of Y remains unchanged.However,you are given enough additional income to ensure that your utility remains unchanged.What happens to your consumption of good X?

• A)it increases or decreases
• B)it increases over the long run
• C)it stays the same
• D)it decreases
• E)it increases

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Definitions:

Ovary Wall

The protective outer layer of the ovary in female organisms, enclosing the ovules or eggs.

Carpels

The female reproductive organs of a flower, comprising the stigma, style, and ovary, which may occur singly or fused together to form a compound ovary.

Ovary

A female reproductive organ in which ova or eggs are produced, present in humans and other vertebrates as a pair.

Stamen

The stamen is the male reproductive part of a flower composed of the anther and filament, responsible for producing pollen.