According to the Graph, the Income Effect of a Decrease

question 30

Multiple Choice

According to the graph, the income effect of a decrease in the price of X from $2 to $1 is equal to:

• A)5
• B)30
• C)20
• D)25

---

Definitions:

Culpability Score

A metric or assessment used to determine the level of blame or responsibility of an individual or entity for a wrongdoing or failure.

Determinant

A factor or element that brings about an outcome or influences a result.

Personality

A relatively stable set of characteristics that influence an individual’s behavior.

Conscientious

Describes a person who is thorough, careful, or vigilant in their duties or responsibilities.