Given the Budget Lines and Indifference Curves Shown in Exhibit

question 126

Multiple Choice

Given the budget lines and indifference curves shown in Exhibit 6A-7, if the budget line shifts, then the equilibrium points X and Y:

• A) are equal in total utility.
• B) result from a decrease in the consumer's budget.
• C) result from a decrease in the price of good Y.
• D) are two points along a downward sloping demand curve for good X.

---

Definitions:

Wide Area Networks

Communications networks that extend over large geographical areas, often connecting multiple small networks.

Executive Systems

High-level information systems designed to aid executives in decision-making by providing relevant data and insights.

Credit Card Applications

Forms or online processes submitted by individuals seeking to obtain a credit card from a financial institution.

Local Area Networks

A network of connected devices in a specific geographical location, such as a home or office, that share resources and data.