Suppose That a Consumer Who Spends Her Budget on X

question 341

Multiple Choice

Suppose that a consumer who spends her budget on X and Y is initially at equilibrium. If the price of X increases, then the MU/P of X will

• A)decrease and the consumer will respond by buying more Y and less X.
• B)decrease and the consumer will respond by buying more X and less Y.
• C)increase and the consumer will respond by buying more Y and less X.
• D)increase and the consumer will respond by buying more X and less Y.

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Definitions:

Client-Centered Counseling

A therapeutic approach focused on empowering the client, recognizing their values and personal needs in the process of seeking solutions.

Motivational Interviewing

A counseling technique that helps individuals find the motivation to make positive decisions and accomplish goals.

Ambivalent

Having mixed feelings or contradictory ideas about something or someone.

Home-Prepared Meals

Meals made and consumed at home, often involving the process of cooking from scratch with raw or minimally processed ingredients.