For Normal Goods Like Cola and Pizza,what Is a Likely

question 175

Multiple Choice

For normal goods like cola and pizza,what is a likely result of the income effect when the price of pizza falls

• A)The consumer feels richer, so he buys more cola.
• B)The consumer feels richer, so he buys less cola.
• C)Cola becomes relatively more expensive, so the consumer buys more cola.
• D)Cola becomes relatively less expensive, so the consumer buys less cola.

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Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body, typically improving alertness and energy.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, often used recreationally for its euphoric effects.

Alcohol

A psychoactive substance commonly found in beverages such as beer, wine, and spirits, known for its depressant effects on the central nervous system.

Gender-related Differences

Variations in characteristics, behaviors, or conditions that are influenced by one’s gender, often observed in psychological, biological, and social domains.