Suppose That a Consumer's Income Triples $x$ And the Price Of $y$

question 70

Multiple Choice

Suppose that a consumer's income triples. However, at the same time, both the price of $x$ and the price of $y$ also triple. This consumer has experienced:

• A) an increase in purchasing power.
• B) a decrease in purchasing power.
• C) no change in purchasing power.
• D) a pivot in the budget constraint with an undetermined effect on purchasing power.

Recognize the impact of agricultural practices on water demand and supply.

Understand the role and effects of policy and infrastructure on water availability and conservation.

Understand the impact of economic policies on water usage and conservation.

Learn the global statistics regarding freshwater consumption and waste.

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Definitions:

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.

Financial Risk

The possibility of losing money on an investment or business venture.

ROE

Return on Equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.

EPS

Earnings Per Share, a financial ratio that measures the portion of a company's profit allocated to each outstanding share of common stock.