If Consumers Purchase More of a Good Because Its Relative

question 143

Multiple Choice

If consumers purchase more of a good because its relative price has gone down, then it would be described as

• A) the substitution effect.
• B) the income effect.
• C) a rightward shift of the budget line.
• D) a rightward shift of the indifference curve.

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Definitions:

Checkpoint Gene

A gene that regulates cell cycle checkpoints to ensure cells do not divide unless certain conditions are met, playing a key role in preventing cancer.

Proto-Oncogene

Gene that, by mutation, can become an oncogene.

Malignant Neoplasm

A cancerous tumor that is invasive and can spread to other parts of the body.

Tumor Cell

A cell that has undergone mutation leading to uncontrolled growth, potentially forming a tumor.