If Tortilla Chips Are a Normal Good,when There Is an Increase

question 17

Multiple Choice

If tortilla chips are a normal good,when there is an increase in income,equilibrium price _____ and equilibrium quantity _____.

• A)decreases;increases.
• B)decreases;decreases.
• C)increases;increases.
• D)increases;decreases.

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Definitions:

E. B. Titchener

A psychologist known for founding structuralism, focusing on breaking down mental processes into the most basic components.

Wilhelm Wundt

A German psychologist who is often regarded as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.

Trained Introspection

A method in early psychology involving trained observers examining and reporting the content of their own thoughts and mental experiences.

Wilhelm Wundt

Known as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.