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

question 24

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

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Definitions:

Insecure Attachment

A type of attachment style often resulting from early relationships with caregivers, characterized by anxiety or avoidance in relationships due to feelings of ungainliness or self-doubt.

Cries of Distress

Vocal expressions of pain, fear, or discomfort, indicating someone is in need of help or relief.

Authoritarian Parents

Parents who enforce strict rules and high expectations, often with little negotiation possible and punishment for non-compliance.

Obedience

The act of following orders or directions from a person in authority, often without question or resistance.