Suppose There Are Only Two Goods, Apples and Oranges

question 164

Multiple Choice

Suppose there are only two goods, apples and oranges. What happens if the price of each good increases by 15 percent?

• A) The consumer will substitute apples for oranges.
• B) The consumer will substitute oranges for apples.
• C) There is no substitution effect because relative prices have remained constant.
• D) Demand for both goods increases.
• E) Demand for both goods decreases.

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Definitions:

Intervention

An act of becoming intentionally involved in a difficult situation, in order to improve it or prevent it from escalating.

Sexual Concerns

Issues related to sexual function, behavior, preferences, or health that might be a source of distress or difficulty for individuals or couples.

Vaginismus

A condition involving a muscle spasm in the pelvic floor muscles, which can make vaginal penetration for intercourse, tampon insertion, or gynecological examinations painful or impossible.

Sexual Incest

The act of engaging in sexual activities between family members or close relatives, which is illegal and considered a form of abuse in many jurisdictions.