In Year 1, the Price of Good X Was $3

question 59

Multiple Choice

In year 1, the price of good x was $3, the price of good y was $2, and income was $90.In year 2, the price of x was $9, the price of good y was $6, and income was $90.On a graph with x on the horizontal axis and y on the vertical, the new budget line is

• A)flatter than the old one and lies below it.
• B)flatter than the old one and lies above it.
• C)steeper than the old one and lies below it.
• D)steeper than the old one and lies above it.
• E)None of the above.

---

Definitions:

Emotional Intelligence

The ability to perceive, control, and evaluate emotions in oneself and others, which is important for personal and professional relationships.

Social Empathy

The ability to understand and share the feelings of others, especially in a societal context, fostering a sense of connection and cooperation.

Self-motivation

The internal drive that leads an individual to take action toward achieving goals without external influence.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.