If Income Falls,then in the New Consumer Equilibrium

question 94

Multiple Choice

If income falls,then in the new consumer equilibrium

• A)the marginal utility from normal goods increases.
• B)the marginal utility from normal goods decreases.
• C)the marginal utility from inferior goods increases.
• D)total utility from normal goods increases.
• E)both B and C.

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Definitions:

Hebbian Learning Rule

A principle describing how neurons might adapt during learning, suggesting that when a neuron frequently assists in firing another, the connection between them strengthens.

Axon

The long, slender projection of a nerve cell that transmits electrical impulses away from the neuron's body.

GABA

GABA (gamma-aminobutyric acid) is the primary inhibitory neurotransmitter in the brain, involved in reducing neuronal excitability throughout the nervous system.

Anxiety

A state of apprehension, unease, or nervousness usually over an impending or anticipated ill.