-Use the Above Figure

question 3

Multiple Choice

-Use the above figure. Last week Joe consumed combination "B" of goods "X" and "Y." This week he purchased combination "A." The reason for this change is that the

• A) price of good X has increased.
• B) price of good X has decreased.
• C) price of good Y has decreased.
• D) price of good Y has increased.

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Definitions:

SEC

The U.S. Securities and Exchange Commission, a government agency responsible for regulating the securities industry and protecting investors.

Civil Fines

Monetary penalties imposed by a civil court or regulatory agency as punishment for violations of civil laws or regulations.

Cease And Desist

A legal order or demand to halt alleged illegal activities.

Supreme Court

The highest judicial court in a country or state, often having the final authority in legal disputes and constitutional matters.