FIGURE 6- 2

question 11

Multiple Choice

FIGURE 6- 2
-Refer to Figure 6- 2.Suppose the price of X is $2,the price of Y is $1,and the consumer's income is $10.The consumer is currently buying 4 units of good X and 2 units of good Y.In order to maximize his utility,he should

• A)buy the same amount of X but less Y.
• B)make no changes-he is already maximizing his total utility.
• C)buy less of X and more Y.
• D)buy more of X but the same amount Y.
• E)buy more of X and less Y.

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Definitions:

Etruscan Orientalizing

A phase in the early history of ancient Italy, characterized by the influence of Near Eastern art and motifs on Etruscan artifacts and architecture.

Apollo Of Veii

An ancient Etruscan terracotta statue representing the Greek god Apollo, found in the ruins near Veii, Italy.

Colossal

Extremely large or great in scale, size, or extent, often used to describe statues, buildings, and natural features of remarkable magnitude.

Oligopolistic Market

A market structure dominated by a small number of large firms, leading to limited competition and often collaborative behavior to control prices and market share.