(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00. Quantity of good Y 10 8 7 S 2 U 9₂ 1234S BC 7 8 9 10 Quantity of good X As a result of the increase in the price of good Y, the demand for good X_ shifted inward moved along from left to right shifted outward moved along from right to left
(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00. Quantity of good Y 10 8 7 S 2 U 9₂ 1234S BC 7 8 9 10 Quantity of good X As a result of the increase in the price of good Y, the demand for good X_ shifted inward moved along from left to right shifted outward moved along from right to left
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00.
Quantity of
good Y
10
9
8
7-
6
5
4
3
2
1
0
BC₂
th
B
O shifted inward
U₂
1 2 3 4 5 6 7 8 9 10 Quantity of
good X
BC₂
As a result of the increase in the price of good Y, the demand for good X______
moved along from left to right
shifted outward
O moved along from right to left](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31b2f445-3021-4de6-8f77-439b2b52ecc7%2F7d2edebc-b964-4f50-a872-1a8d8977e944%2Fj1a6hci_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(Figure: Quantity of Good Y and X VI) The price of good Y increased from $1.00 to $5.00.
Quantity of
good Y
10
9
8
7-
6
5
4
3
2
1
0
BC₂
th
B
O shifted inward
U₂
1 2 3 4 5 6 7 8 9 10 Quantity of
good X
BC₂
As a result of the increase in the price of good Y, the demand for good X______
moved along from left to right
shifted outward
O moved along from right to left
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