Assume That a College Student Purchases Only Ramen Noodles and Textbooks

question 83

Multiple Choice

Assume that a college student purchases only Ramen noodles and textbooks. If Ramen noodles are an inferior good and textbooks are a normal good, then the substitution effect associated with a decrease in the price of Ramen noodles, by itself, will result in

• A)a decrease in the consumption of textbooks and a decrease in the consumption of Ramen noodles.
• B)a decrease in the consumption of textbooks and an increase in the consumption of Ramen noodles.
• C)an increase in the consumption of textbooks and an increase in the consumption of Ramen noodles.
• D)an increase in the consumption of textbooks and a decrease in the consumption of Ramen noodles.

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Definitions:

Circadian Rhythms

Biological processes that follow an approximately 24-hour cycle, affecting sleep, behavior, and physiological processes in living organisms.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wake cycles, often used as a supplement to treat sleep disorders.

Delayed Sleep Phase Type

A condition where an individual's sleep is delayed by two or more hours beyond the conventional bedtime, leading to difficulty in waking up at a desired time.

Nightmare Disorder

Sleep disorder characterized by nightmares frequent enough to cause significant distress or impairment in functioning.