{"id":812,"date":"2017-10-29T11:55:45","date_gmt":"2017-10-29T05:55:45","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-that-a-consumers-preferences-are-well-x-and-y-are\/"},"modified":"2017-10-29T11:55:45","modified_gmt":"2017-10-29T05:55:45","slug":"suppose-that-a-consumers-preferences-are-well-x-and-y-are","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-that-a-consumers-preferences-are-well-x-and-y-are\/","title":{"rendered":"Suppose that a consumer&#8217;s preferences are well&#8230;. X and Y are"},"content":{"rendered":"<p>Suppose that a consumer&#8217;s preferences are well behaved in that properties 4-1-4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y. If PX increases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y, then goods X and Y are<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[57],"subject":[5],"education_level":[],"class_list":["post-812","mcq","type-mcq","status-publish","hentry","topic-the-theory-of-individual-behavior","subject-managerial-economics"],"mcq_note":"Suppose that a consumer's preferences are well behaved in that properties 4-1-4-4 are satisfied and the initial equilibrium consumption bundle consists of 100 units of X and 50 units of Y. If PX increases such that the new equilibrium consumption bundle is 150 units of X and 75 units of Y, then goods X and Y are complements.","mcq_options":[{"right":"yes","answer":"Complements"},{"right":"no","answer":"Substitutes"},{"right":"no","answer":"Inferior goods"},{"right":"no","answer":"Unrelated"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":57,"title":"The Theory of Individual Behavior","slug":"the-theory-of-individual-behavior"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=812"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=812"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=812"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=812"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}