Refer to the Information Provided in Figure 12

question 51

Multiple Choice

Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. Figure 12.4
There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S^{0 and D0.}
-Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, the equilibrium price of X will ________ and the equilibrium price of Y will ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Single-Cell Recording

A neuroscience technique for measuring the electrical activity of individual neurons.

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The state of being conscious, not sleeping, and aware of one's environment.

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A term often used in research to describe experiments conducted on animals that are not restrained, allowing more natural behaviors to be observed.

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A stimulant and addictive compound found in tobacco, responsible for the addictive properties of smoking.