-Suppose That a Consumer's Original Budget Line Was AB in Figure

question 135

Multiple Choice

-Suppose that a consumer's original budget line was AB in Figure 6-4,but it has now changed to line AC.Which of the following must have occurred?

• A)The price of good X must have risen.
• B)The price of good Y must have risen.
• C)The price of good Y must have fallen.
• D)The price of good X must have fallen.
• E)The consumer's income must have risen.

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Definitions:

Behaviorist Perspective

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal states.

Learning Perspective

A psychological approach that emphasizes the role of environmental influences on observable behavior.

Biological Perspective

An approach in psychology that examines psychological issues through the lens of biological processes, including genetics and brain functions.

Social Psychologists

Scientists who study how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.