Assume Gloria Is Initially in Equilibrium and That X and Y

question 100

Multiple Choice

Assume Gloria is initially in equilibrium and that X and Y are normal goods for her. Then the price of X falls. For Gloria to move to a new equilibrium point her consumption of

• A) X must remain constant, but her consumption of Y must decrease.
• B) X must decrease.
• C) X must increase.
• D) both X and Y must decrease.

---

Definitions:

Links and Pathways

Refers to the connections or routes that allow navigation from one piece of information or location to another, often used in digital contexts.

Failure Analysis Reports

Documents that investigate and identify the reasons behind a product or process failing to meet expectations.

Problem-Solving Reports

Documents that analyze a problem, outline possible solutions, and recommend the best solution based on evidence and analysis.

Trouble-Shooting Reports

Documents summarizing the process of diagnosing and resolving problems within a system or operation.