-In the Above Figure, Income Is $8, the Price of a Soft

question 96

Multiple Choice

-In the above figure, income is $8, the price of a soft drink is $1, and the initial price of a milkshake is
$2) If the price of a milkshake decreases to $1, the substitution effect is the movement from point _______ to point _______.

• A) b; d
• B) a; b
• C) b; c
• D) a; c

---

Definitions:

Preconventional Stage

The first level in Kohlberg's theory of moral development, characterized by an individual's response to moral issues based on consequences to oneself.

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts.

Wellbeing

Refers to a state of being comfortable, healthy, or happy, encompassing both physical and psychological health.

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, crucial for developing logic in children.