Harold Can Consume Apples and Oranges

question 89

Multiple Choice

Harold can consume apples and oranges.He likes them equally well and currently is in consumer equilibrium.Then the price of oranges rises,while his income remains the same.What will happen to his consumption?

• A)consumption of oranges increases;consumption of apples decreases
• B)consumption of oranges increases;consumption of apples increases
• C)consumption of oranges decreases;consumption of apples decreases
• D)consumption of oranges decreases;consumption of apples increases
• E)consumption of oranges decreases;consumption of apples could either increase or decrease

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Definitions:

Explicit Memory

Memory of facts and experiences that one can consciously know and “declare.” (Also called declarative memory.)

Iconic Memory

A type of visual sensory memory that holds a brief photographic image of a scene that has just been observed, for a very short period.

Sensory

Related to or involving the organs or processes responsible for receiving and interpreting stimuli from the outside world.

Chess Masters

High-level chess players who have attained a significant level of expertise and recognition in the game of chess.