The Consumer Faces a Budget Constraint Because the Market Price

question 23

Multiple Choice

The consumer faces a budget constraint because the market price of X is $3,the market price of Y is $3,and the consumer's budget is $90.In order for this consumer to choose the corner solution at point E,which of the following must occur?

• A)price of X must rise to $6.
• B)price of Y must rise to $6.
• C)price of X must rise to $9.
• D)price of Y must rise to $9.

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Definitions:

System Linkage

The process of connecting different systems or components to ensure they work together efficiently.

Policy Developer

A role or profession involving the creation and implementation of guidelines, principles, or rules within an organization or society.

Planner

An individual or tool that organizes tasks, schedules, or events to achieve efficiency and meet objectives.

Past Relationships

Previous romantic, familial, or platonic connections that can influence an individual's behavior and emotional health.