Refer to the Graph Below

question 10

Multiple Choice

Refer to the graph below. Assume the consumer has an income of $100, the price of X is $2 and the price of Y is $1. According to the graph below, the total effect of a decrease in the price of X from $2 to $1 is equal to:

• A)5
• B)30
• C)20
• D)25

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Definitions:

Directly Accuse

To confront someone openly and straightforwardly with an allegation of wrongdoing.

Self-Direction

The ability to set short-term and long-term goals for yourself.

Short-Term Goals

The specific plans of action for the things you would like to accomplish right now or in the immediate future.

Long-Term Goals

Those things you decide to work for after developing a life plan for the future.