Use the Information Below to Answer the Following Questions

question 108

Multiple Choice

Use the information below to answer the following questions.
Fact 9.3.2 Hamptons Glamour Finds a Humbler Home
Lucy Martin collected and sold vintage clothing in the wealthy Hamptons,but in the recession of 2008,her sales fell.She eventually moved her shop to Tannersville,N.Y. ,where her expenses are 70 percent less than they were in the Hamptons.
Source: The New York Times,December 22,2016
-Refer to Fact 9.3.2.If the price of vintage clothing falls and income remains the same,the substitution effect ________ the quantity of used clothing bought and the income effect ________ the quantity of used clothing bought.

• A)increases;decreases
• B)increases;increases
• C)decreases;increases
• D)decreases;decreases
• E)does not change;increases

---

Definitions:

Tact And Empathy

The ability to handle delicate situations with sensitivity and understanding, recognizing and responding appropriately to others' feelings and perspectives.

Employees' Perceptions

The way employees view or understand their workplace, culture, management, and overall job environment.

Androgyny

The combination of masculine and feminine characteristics into an ambiguous form, often pertaining to one’s gender expression or identity.

Body

Refers to the physical structure of a person or an organism, including the bones, flesh, and organs.