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Assume That Beer Is a Normal Good

question 68

Multiple Choice

Assume that beer is a normal good. If the price of beer rises, then the substitution effect results in the person buying ________ of the good and the income effect results in the person buying ________ of the good.


Definitions:

Pectoralis Major

A large muscle in the upper chest that aids in the rotation and movement of the arm across the body.

Diaphragm

A large, dome-shaped muscle located below the lungs that contracts and relaxes to aid in the breathing process.

Flexor Digitorum Profundus

A muscle located in the forearm that flexes the fingers at the distal interphalangeal joints.

Distal Portion

The part of a limb or structure that is farthest away from the center of the body.

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