Suppose Initially That the Price of X Is $5,the Price

question 2

Multiple Choice

Suppose initially that the price of X is $5,the price of Y is $10,and the consumer's income is $100.If Y is measured on the vertical axis,X is measured on the horizontal axis,and the price of Y increases to $20:

• A)the entire budget line will shift inward toward the origin,with its slope changing from -1/2 to -1/4.
• B)the budget line will pivot inward toward the origin along the X axis,with its slope changing from -1/2 to -1/4.
• C)the budget line will pivot inward toward the origin along the Y axis,with the slope changing from -1/2 to -1/4.
• D)the budget line will pivot inward toward the origin along the Y axis,with the slope changing from -1/4 to -1/2.

---

Definitions:

Fifteenth Amendment

An amendment to the U.S. Constitution, ratified in 1870, that prohibits the federal and state governments from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."

NAACP

Founded in 1909, the National Association for the Advancement of Colored People is a civil rights group established to combat racism, lynching, and the segregation laws known as Jim Crow, aiming to improve the lives of people of color.

The Crisis

The Crisis refers to the official magazine of the NAACP, founded in 1910, which was a major outlet for African-American political and cultural discourse in the early 20th century.

Progressivism

A political and social philosophy advocating for reform and improvement through governmental action.