Exhibit a -Refer to Exhibit A. Suppose That the Consumer Must Choose

question 20

Multiple Choice

Exhibit A

-Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. Suppose that the price of a pair of socks has falls from R50 to R20. The income effect is represented by the movement from point?

• A) Y to point X.
• B) X to point Z.
• C) X to point Y.
• D) Z to point X.

---

Definitions:

Delusional

Holding beliefs that are clearly false, illogical, or based on incorrect inferences about external reality, despite evidence to the contrary.

Type I

Commonly refers to a classification in various contexts, often seen in medical or technological fields, indicating a particular form or category within a larger grouping.

Type II

Often refers to Type II diabetes, characterized by insulin resistance in the body.

Poverty of Speech

A reduction in speech output that is often observed in various psychological conditions, characterized by brief and unelaborate responses.