If a Consumer Is Choosing the Optimal Combinations of Two

question 83

Multiple Choice

If a consumer is choosing the optimal combinations of two goods X and Y, and then the price of good Y decreases, this causes:

• A) MU/P of good X to increase, so the consumer now must buy more X to find a new optimal combination.
• B) demand for good X to increase.
• C) MU/P of good Y to increase, so the consumer now must buy more Y to find a new optimal combination.
• D) MU/P of good Y to decrease, so the consumer now must buy more Y to find a new optimal combination.

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Definitions:

External Report

A document prepared to provide analysis, findings, or recommendations to parties outside of the organization, often for clients or public dissemination.

External Report

A report prepared for individuals or entities outside the organization, often to provide information or analysis about the organization's activities.

Informal Report

A report that is usually short, addressing routine matters, and follows a more relaxed structure and tone.

Lateral Report

A report that communicates information or progress among peers or departments within the same level of an organization, facilitating collaboration.