Exhibit 6A-6 Consumer Equilibrium

question 145

Multiple Choice

Exhibit 6A-6 Consumer equilibrium
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-As shown in Exhibit 6A-6, movement from consumer equilibrium at point Y to point X is caused by a(n) :

• A) increase in the price of good X.
• B) decrease in the price of good X.
• C) increase in the price of good Y.
• D) decrease in the price of good Y.

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Definitions:

Vandalism

The act of deliberately destroying or damaging property, often as an expression of dissent or aggression.

Extracurricular Activities

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First Offence

An individual's initial violation of a law or rule, indicating no prior recorded instances of similar transgressions.

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