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

question 113

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 10 units of X and 25 units of Y.If P_Y increases such that the new equilibrium consumption bundle is 15 units of X and 10 units of Y,then goods X and Y are:

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

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Definitions:

Pretexting

A form of social engineering where an attacker creates a fabricated scenario to deceive someone into divulging information or granting access to systems.

Cookie

A small text file that some websites automatically store on a client computer’s hard drive when a user visits the site.

Botnet

A network of infected computers, called bots, controlled by a malicious actor without the knowledge of the owners, used for cyber attacks or spamming.

Time Bomb

A type of malicious software that remains dormant until a specific time or event triggers it to cause harm.