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A Change in the Relative Prices of Which of the Following

question 23

Multiple Choice

A change in the relative prices of which of the following pair of goods would likely cause the smallest substitution effect?


Definitions:

Unconditioned Response

A spontaneous, innate response to any stimulus, happening without previously acquired knowledge or conditioning.

Taste Aversions

A learned response to eating spoiled or toxic food, where the mere sight or smell of the food can cause nausea or aversion.

Aversive Food

Food items that are typically avoided due to unpleasant taste, smell, or associations, potentially leading to negative physiological responses.

Nauseous Reaction

A nauseous reaction is a physiological response to various stimuli, resulting in the urge to vomit.

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