Assume the Price of Pizza Decreases

question 42

Multiple Choice

Assume the price of pizza decreases. As a result, your real income increases and you increase the quantity of pizza purchased each month. This is an example of the:

• A) substitution effect.
• B) income effect.
• C) revenue effect.
• D) consumer price effect.

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Definitions:

ArrayList Object

An object of a resizable array implementation class in programming, allowing for dynamic arrays that can grow as needed.

RemoveObject Method

Not a specific method; however, in many programming languages, methods exist to remove objects from a collection or data structure.

ArrayList Class

A resizable array implementation of the List interface in Java, providing methods to manipulate the size of the array that holds the elements.

Generic Class

A class with one or more type parameters that enables it to operate on objects of various types while providing compile-time type safety.