Assume that a consumer faces the following budget constraints. 
a. Assuming that income is the same on both occasions, describe the difference in relative prices between Panel A and Panel B.
b. If income in Panel B is $126, what is the price of good X?
c. If income in Panel A is $84, what is the price of good Y?
d. Assuming that the price of good X is the same on both occasions, describe the difference in income and price of good Y between Panel A and Panel B.
Definitions:
Range of Information
The scope or extent of data, facts, and insights covered within a particular area of study or interest.
Sequence
A specific order in which related events, movements, or things follow each other.
Overall Length
The total duration or extent of a piece of content, document, or presentation.
Narrative Techniques
Methods used in writing or speaking to tell a story, including point of view, character development, and plot structure.
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