Suppose a Consumer Can Purchase Only Two Goods,beef and Chicken

question 5

Multiple Choice

Suppose a consumer can purchase only two goods,beef and chicken.If the price of beef falls (with all other variables held constant) ,and the consumption of chicken increases,we can conclude that the increased consumption of chicken is due to

• A)a change in the consumer's preference toward chicken.
• B)neither the income effect nor the substitution effect.
• C)the substitution effect only.
• D)both the income effect and the substitution effect.
• E)the income effect only.

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Definitions:

Body Cavity

A hollow or space within the body that contains and protects internal organs, such as the chest or abdominal cavities.

Canal

A tubular passage or channel in the body for the conveyance of fluids or air, such as the ear canal.

Scope

The extent, range, or breadth of something, especially a project, research, discussion, or activity, outlining its limitations and objectives.

Heart Function

Refers to the role of the heart in pumping blood throughout the body, supplying oxygen and nutrients while removing carbon dioxide and waste products.