A Change in the Price of a Good Purchased by a Consumer

question 81

Multiple Choice

A change in the price of a good purchased by a consumer would affect that consumer's

• A) nominal income.
• B) real income.
• C) demand curve.
• D) marginal utility.

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Definitions:

Writ of Summons

A formal legal document issued by a court that initiates a lawsuit and requires the defendant to respond to the charges.

Discovery

Pre-trial disclosure of information, consisting of discovery of documents and examination for discovery.

Judgment Creditor

The person to whom a court awards damages or costs.

Garnishee Order

A legal order issued by a court that requires a third party to withhold the assets of a debtor, typically used to secure payment of a debt or judgment.