Suppose That a Consumer's Preferences Are Well Behaved in That

question 173

Multiple Choice

Suppose that a consumer's preferences are well behaved in that properties 4-1 to 4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y.If P_X decreases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y,then goods X and Y are:

• A) complements.
• B) substitutes.
• C) inferior goods.
• D) unrelated.

---

Definitions:

Shock

A critical medical condition characterized by the body not getting enough blood flow, leading to organ failure.

Hemorrhagic Shock

A form of shock that occurs due to severe blood loss leading to inadequate oxygen delivery to the body tissues.

Weak Pulse

An indication of low blood volume or pressure, characterized by a pulse that is difficult to feel or weaker than normal.

Fluid Excess

A condition where there is an abnormal increase in bodily fluid.