Figure 21-21 -Refer to Figure 21-21.If the Consumer Is Currently at Point

question 387

Multiple Choice

Figure 21-21

-Refer to Figure 21-21.If the consumer is currently at point A in the figure,a movement to point B as a result of a decrease in the price of potato chips represents the

• A) substitution effect.
• B) income effect.
• C) budget effect.
• D) price effect.

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Definitions:

Bona Fide Occupational Qualification

A BFOQ refers to a job qualification that is essential for the operation of the business and can legally exclude certain individuals from employment.

Heritage Sites

Places of significance due to their cultural, historical, or natural importance, recognized and preserved for posterity and education.

Wheelchair Ramp

A slope installed in addition to or instead of stairs to allow wheelchair users and individuals with disabilities to access buildings.