Assume the Quantity of Good X Is Measured on the Horizontal

question 74

Multiple Choice

Assume the quantity of good X is measured on the horizontal axis and the quantity of good Y on the vertical axis.Initial prices are PX = $5 and PY = $10.The consumerʹs income is $100.If PY increases to $20,then

• A)the entire budget line shifts parallel toward the origin.
• B)the budget line will rotate toward the origin,slope remaining constant.
• C)the budget line will rotate toward the origin with the slope changing from 1/2 to 1/4 (in absolute values).
• D)the entire budget line shifts parallel away from the origin.
• E)the budget line will rotate away from the origin with the slope changing from 1/4 to 1/2 (in absolute values).

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Definitions:

Productivity Obstacle

Any factor that impedes or inhibits the efficient accomplishment of tasks or achievement of goals, leading to reduced productivity.

Poor Communication

Ineffective exchange of information that leads to misunderstandings, errors, or conflict, hindering progress and relationships.

Clear Objectives

Precisely defined goals that are intended to guide actions and decision-making.

Productivity

The measure of efficiency in which goods and services are produced, often quantified as output per unit of input.