The Impact of a $200 Increase in Income on Quantity

question 217

True/False

The impact of a $200 increase in income on quantity demanded would be called an income effect.

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Definitions:

Salivate

The secretion of saliva in the mouth by the salivary glands, often in response to the sight, smell, or taste of food.

Elicits

To draw out or bring forth a response or answer through various means.

UCS

Unconditioned Stimulus; in classical conditioning, it is something that naturally and automatically triggers a response without any learning needed.

UCR

stands for Unconditioned Response, an automatic and natural reaction to an unconditioned stimulus, not learned or conditioned.