Apples Are a Normal Good, So If the Price of an Apple

question 76

Multiple Choice

Apples are a normal good, so if the price of an apple increases from 50¢ to 60¢, the quantity of apples demanded decreases because of

• A) a change in income.
• B) the substitution and income effects.
• C) the substitution effect only.
• D) the income effect only.

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Definitions:

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.

Electrochemical Impulses

Biological signals that transmit information along neurons and across synapses in the nervous system, combining electrical and chemical processes.

Neurons

Specialized cells of the nervous system that transmit signals throughout the body.

Psychobiology

The interdisciplinary field that studies the biological foundations of behavior, emotions, and mental processes.