Refer to the Graph

question 349

Multiple Choice

Refer to the graph. Other things equal, an increase in the price of substitute resource would cause a

• A)shift from D₂ to D₃, assuming the substitution effect exceeds the output effect.
• B)move from a to b on D₁.
• C)move from b to a on D₁.
• D)shift from D₃ to D₂, assuming the substitution effect exceeds the output effect.

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Definitions:

Declarative Memory

The aspect of human memory that involves the ability to consciously recall facts and events.

Sequential Memory

The ability to remember a sequence of events or pieces of information in the order in which they occurred or were presented.

Attention

Attention is the cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Automatization

The process by which skills and procedures are performed with little conscious effort, often through repetition and practice, becoming automatic or habitual.