Exhibit 6A-5 Consumer Equilibrium

question 25

Multiple Choice

Exhibit 6A-5 Consumer Equilibrium
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Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the:

• A) price of good Y has increased.
• B) price of good X has decreased.
• C) price of good X has increased.
• D) consumer's budget has decreased.

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Definitions:

Hostility

Feelings of anger, aggression, and resentment towards others, often leading to antagonistic or confrontational behavior.

Liked

The feeling of attraction or approval towards someone or something.

Disagreed

A situation where there is a lack of consensus or harmony in opinion, belief, or stance among individuals or groups.

Conflict Level

The intensity and complexity of disagreement or discord between individuals or groups.