When the Price of One Fruit Increases, Consumers Buy More

question 62

Multiple Choice

When the price of one fruit increases, consumers buy more of another fruit.This situation is an illustration of:

• A)the income effect.
• B)the substitution effect.
• C)diminishing marginal utility.
• D)the rationing function of prices.

---

Definitions:

Ethnicity

A category of people who identify with each other based on shared cultural, linguistic, or ancestral traits.

American Sign Language

A complete, natural language that has the same linguistic properties as spoken languages, utilized by the deaf community in the United States and parts of Canada.

Grammatical Mastery

The high level of skill or proficiency in understanding and using the rules of a language's syntax and structure.

Sensitive Period

A time frame in development when the organism is more responsive to certain stimuli or experiences, leading to the formation of specific abilities.