Bertram Has Had a Whirlwind of a First Semester of College,and

question 111

Multiple Choice

Bertram has had a whirlwind of a first semester of college,and now that finals are over,he is concerned about his weight gain during the past few months.After reading a bit about this issue,he believes that the gain is primarily due to engaging in stress related eating habits,rather than a change in physical activity.Bertram is currently attempting to ____.

• A)solve the problem
• B)make a plan
• C)frame the problem
• D)speculate on a solution

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Definitions:

Normal Good

A type of good for which demand increases when income increases, and falls when income decreases, but price remains constant.

Inferior Good

A type of good for which demand decreases as the income of individuals or the economy increases, opposite to what is observed with a normal good.

Law of Supply

It states that, all else equal, an increase in the price of a good or service will lead to an increase in the quantity supplied.

Law of Demand

An economic principle stating that the quantity demanded of a good decreases as its price increases, all else being equal, and vice versa.