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(Figure: Quantity of Good Y and X VI) the Price

question 140

Multiple Choice

(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00. (Figure: Quantity of Good Y and X VI)  The price of good Y increased from $1.00 to $5.00.   As a result of the increase in the price of good Y, the demand for good X ____. A)  shifted outward B)  shifted inward C)  moved along from left to right D)  moved along from right to left As a result of the increase in the price of good Y, the demand for good X ____.


Definitions:

Multilateralism

A foreign policy approach involving multiple countries working together on a given issue, promoting collective action.

Unilateralism

A foreign policy approach where a country acts independently and without the agreement or cooperation of other countries.

Expansion Theory

The idea that territories and nations should expand their dominion for economic gain, security, or national prestige.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies, characterized by threats, propaganda, and other measures short of open warfare, from about 1947 to 1991.

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