Exhibit 3-2                  Good X

question 194

Multiple Choice

Exhibit 3-2

                 Good X
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Refer to Exhibit 3-2. Suppose equilibrium is at point C. Something then changes and equilibrium becomes point B. Which of the following is consistent with the change in equilibrium from point C to B (assuming that good X is a normal good) ?

• A)There was an increase in resource prices and income stayed constant.
• B)There was a decrease in resource prices and income stayed constant.
• C)There was an increase in resource prices and income decreased.
• D)There was a decrease in resource prices and income increased.

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Definitions:

Universal Donor

A term often associated with blood type O negative, referring to individuals whose red blood cells can be transfused into persons of any other blood type without causing an adverse reaction.

Blood Type

The classification of human blood based on the presence or absence of inherited antigenic substances on the surface of red blood cells.

Vaccine

A biological preparation that improves immunity to a particular disease, typically containing an agent resembling a disease-causing microorganism.

Antigens

Foreign substances that induce an immune response in the body, especially the production of antibodies.