Figure 21-5

question 369

Multiple Choice

Figure 21-5
(a)
(b)
-Refer to Figure 21-5. Assume that a consumer faces the budget constraint shown in graph (a) in January and the budget constraint shown in graph (b) in February. If the consumer's income has remained constant, then what has happened to prices between January and February?

• A)The price of X has fallen, but there could not have been a change in the price of Y.
• B)The price of Y has fallen, but there could not have been a change in the price of X.
• C)The price of X has fallen, and the price of Y has risen.
• D)The price of Y has fallen, and the price of X has risen.

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Definitions:

Scientific Evidence

Data and information obtained through the scientific method, used to support or refute theories, hypotheses, and claims in various fields.

Causes

Factors or events that bring about an effect or a change, grounding the reasoning in various contexts such as scientific, social, or economic.

Consequences

The results or outcomes that naturally follow from specific actions or decisions.

Environmental Quality

The condition of the natural environment and its ability to sustain life, maintain ecological processes, and support biodiversity.