Assume That a College Student Purchases Only Ramen Noodles and Textbooks

question 32

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 income effect associated with an increase in the price of a textbook 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:

Selective Attention

The process of focusing on a particular object in the environment for a certain period, while simultaneously ignoring irrelevant information.

Feels Little Pain

A condition or state in which an individual has a significantly reduced sensitivity to pain, which can be due to genetic factors, neurological conditions, or other reasons.

Injured

The state of having physical harm or damage to the body, often resulting from accidents, violence, or sports.

Battle

is a combat between two or more armed forces or combatants, typically involving physical violence and strategy.