The Price of a Good Increases Relative to Other Goods

question 17

Multiple Choice

The price of a good increases relative to other goods.Which one of the following statements must be true? The resulting

• A)income effect is negative.
• B)income effect is positive.
• C)substitution effect is negative.
• D)substitution effect is positive.
• E)income effect is zero.

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Definitions:

Length Method

A method commonly used in programming to obtain the length or the number of elements in an object, such as an array or a string.

ArrayList Class

An implementation of the List interface in Java that uses a dynamic array to store elements, enabling automatic resizing as elements are added or removed.

Generics

A feature in programming languages, like Java, that allows classes and methods to operate on objects of various types while providing compile-time type safety.

Program Running

The state of a computer program when it is being executed by the computer.