If Pork and Beans Is an Inferior Good, Other Things

question 354

True/False

If pork and beans is an inferior good, other things being equal, an increase in consumer income will decrease the demand for pork and beans.

Understand the relationship between price changes, demand movements, and shifts in equilibrium.

Distinguish between movements along a budget line and shifts of the budget line itself.

Appreciate the conceptual similarity between topographic and indifference maps.

Recognize how changes in the prices of goods affect consumer's purchasing decisions.

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Definitions:

Gastrocnemius

A major muscle in the calf of the leg, involved in walking, running, and jumping.

Soleus

A powerful muscle in the calf of the leg that is involved in standing and walking, lying beneath the gastrocnemius muscle.

Sternocleidomastoid

The sternocleidomastoid is a muscle in the neck that runs from the sternum and clavicle to the mastoid process of the temporal bone, involved in head movement.

Orbicularis Oculi

A circular muscle that surrounds the eyelid, allowing it to close or blink.