Figure 25.2 Using Figure 25.2, Match the Following

question 33

Multiple Choice

Figure 25.2
Using Figure 25.2, match the following:
-Cells that are most affected by ADH.

• A)E
• B)C
• C)D
• D)B

---

Definitions:

Labor Supplied

Labor supplied refers to the total hours that workers are willing and able to work at a given wage rate.

Income Effects

Changes in consumers' purchasing power and consumption patterns resulting from changes in their income.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute more expensive items with cheaper alternatives.

Price Change

A modification in the cost of goods and services over time, reflecting economic factors such as inflation, supply, and demand.