Refer to the Diagram and Assume a Single Good

question 183

Multiple Choice

Refer to the diagram and assume a single good. If the price of the good decreases from $6.30 to $5.70, consumer expenditure would

• A)decrease if demand were D₁ only.
• B)decrease if demand were D₂ only.
• C)decrease if demand were either D₁ or D₂.
• D)increase if demand were either D₁ or D₂.

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Definitions:

Zygote

The first cell created from the union of a sperm and an egg cell, signifying the beginning phase of development of an embryo.

Fetus

A developing mammal or human from roughly eight weeks after conception to the moment of birth.

Habituation

The process by which an individual becomes accustomed to a stimulus after repeated exposure, leading to a decrease in response.

Visual Attention

The mental process of focusing attention on a specific element of the surroundings while excluding other aspects.