If a Consumer Is at an Optimum, Consuming X and Y

question 46

Multiple Choice

If a consumer is at an optimum, consuming X and Y, and the price of Y decreases, then to get to a new equilibrium the consumer must

• A) purchase less X.
• B) purchase less Y.
• C) purchase more X.
• D) purchase more of both X and Y.

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Definitions:

Digital Inputs

Inputs that receive digital signals (on or off) from sensors or switches to a control system or digital circuit.

Motor Defined Input

Specific inputs, like voltage and current types, defined by a motor's design for optimal performance.

Magnetic Motor Starters

A type of motor starter that uses an electromagnetic coil to operate the motor's on/off control mechanism.