In Year 1, the Price of Good X Was $3

question 59

Multiple Choice

In year 1, the price of good x was $3, the price of good y was $2, and income was $90.In year 2, the price of x was $9, the price of good y was $6, and income was $90.On a graph with x on the horizontal axis and y on the vertical, the new budget line is

• A)flatter than the old one and lies below it.
• B)flatter than the old one and lies above it.
• C)steeper than the old one and lies below it.
• D)steeper than the old one and lies above it.
• E)None of the above.

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Definitions:

Gonadotropic Hormone

A type of hormone that stimulates the activity of the gonads (ovaries and testes).

Follicle-Stimulating Hormone

A hormone secreted by the anterior pituitary gland that promotes the formation of ova or sperm.

Adrenal Glands

are small glands located above the kidneys that produce a variety of hormones including adrenaline and steroids like cortisol.

Kidneys

Vital organs involved in filtering waste from the blood, regulating blood pressure, and maintaining electrolyte balance.