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Assume that Latané and Darley want to demonstrate the external validity of their 1968 experiment on bystander intervention. To do this, they conduct a study in which participants solve crossword puzzles alone, or in large or small groups. While the participants are working on the puzzles, they overhear a woman fall from a ladder and cry out, "Oh, my leg! I can't move it!" The researchers then observe and record the number of participants who attempt to help. The study described here represents a(n) __________ of the original "seizure" study.
Substitution
The economic principle describing how consumers or producers replace one good or service with another in response to changes in price or other factors.
Substitution Effect
The substitution effect describes a change in consumption patterns due to shifts in relative prices, where consumers prefer cheaper alternatives when the price of a good rises, keeping their utility level constant.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, in contrast to a normal good.
Indifference Curves
A graph showing different bundles of goods between which a consumer is indifferent.
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