The Price of X Is $20 and the Price of Y

question 60

Multiple Choice

The price of X is $20 and the price of Y is $40.
-According to the following graph,at point B, The consumer's income is $1,200.

• A)the rate at which the consumer is willing to substitute X for Y is greater than it is at point A.
• B)the consumer is willing to give up more Y in order to gain an extra unit of X than at point A.
• C)the consumer will receive more Y for each unit of X exchanged in the market than at point A.
• D)both a and b
• E)all of the above

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Definitions:

Rehearsal

The process of practicing or going over content or actions repeatedly to improve performance or memorization.

Obsessive-compulsive Disorder

A common, chronic, and long-lasting disorder in which a person has uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) that they feel the urge to repeat over and over.

Specific Phobia

An intense, irrational fear of a specific object, situation, or activity that poses little to no actual danger.

Social Anxiety Disorder

A chronic mental health condition where social interactions cause irrational anxiety.