Exhibit 6A-5 Consumer Equilibrium

question 156

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 AC to AB, then the consumer will purchase:

• A) more of both goods Y and X.
• B) a higher level of total utility.
• C) less of both goods X and Y.
• D) more of good Y and less of good X.

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Definitions:

Physical Health

The condition of a person's body, including the absence of illness or injury and the overall physical fitness and wellness.

Sleep

A natural state of rest for the body and mind that involves the reversible loss of consciousness.

Controlled Processes

These are cognitive activities that require active mental effort, attention, and are often executed with intention.

Automatic Processes

Cognitive activities that require little thought and can be performed without conscious effort or attention.