Which One of the Following Is Always True of the Price

question 55

Multiple Choice

Which one of the following is always true of the price effect?

• A)It leads to a positive income effect.
• B)It is positive.
• C)It decreases consumption.
• D)It leads to a negative income effect.
• E)None of the above

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Definitions:

Nuclear Families

A family unit consisting of two parents and their children living together as a single household.

Single Parent

A parent who is not living with a spouse or partner and bears most of the day-to-day responsibilities of raising a child or children.

Alcoholism

A chronic disease characterized by an uncontrollable desire to consume alcohol despite adverse effects on health, relationships, and social functioning.

Indian Culture

The traditions, practices, languages, beliefs, arts, and customs of the people of India.