Assume That Goods X and Y Are Not Giffen Goods

question 184

Multiple Choice

Assume that goods X and Y are not Giffen goods. ​If the price of good X falls, a consumer will definitely

• A)​consume more of good X because her budget constraint has rotated outward.
• B)consume more of good X because her budget ​constraint has shifted outward.
• C)​consume more of good Y because her budget constraint has rotated outward.
• D)​consume more of good Y because her budget constraint has shifted outward.

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Definitions:

Communities Thrive

The phenomenon where a group of people living in the same place or having a particular characteristic in common prosper or flourish, often due to favorable conditions or support.

Nurture

The influence of external factors like environment, education, and social experiences on the development of an individual.

Nature

Refers to the innate or genetic attributes and characteristics that an individual possesses.

Learning And Adaptation

The process of acquiring new information or behaviors and the ability to change in response to an environment.