Use the Figure Below to Answer the Following Questions

question 11

Multiple Choice

Use the figure below to answer the following questions. Figure 9.3.1
-Consider the budget line and indifference curve in Figure 9.3.1.If the price of good X is $1 a unit,then the price of good Y is

• A)$0.75 a unit.
• B)$1 a unit.
• C)$1.25 a unit.
• D)$2 a unit.
• E)$1.33 a unit.

---

Definitions:

Selection Bias

A distortion in statistical analysis resulting from the method of collecting samples, where the sample obtained is not representative of the population intended to be analyzed.

Responsiveness

The quality of reacting quickly and positively; being responsive to feedback or changes.

Focus Groups

A qualitative research method involving a small group of people gathered to discuss a specific topic or issue, guided by a moderator.

Different Individuals

Refers to distinct or separate persons, emphasizing diversity among people in context or research.