Top Ramen Is a Brand of Noodles That Is Widely

question 104

Multiple Choice

Top Ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content.What would happen to the equilibrium price and equilibrium quantity of Top Ramen if income went up and the price of salt decreased?

• A) The equilibrium price will go up and equilibrium quantity will go up.
• B) The equilibrium price will go down and equilibrium quantity will be indeterminate.
• C) The equilibrium price will be indeterminate and equilibrium quantity will go up.
• D) The equilibrium price will go up and equilibrium quantity will be indeterminate.
• E) The equilibrium price will be indeterminate and equilibrium quantity will go down.

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Definitions:

Positive Emotions

Feelings that are generally beneficial to psychological health and well-being, such as happiness, joy, and love.

Emotional Display Rule

Unstated cultural guidelines for acceptable emotions and emotional expression that are communicated to children via parents’ emotional behavior, expressions, and socialization.

Difficult Temperament

A personality trait characterized by high levels of irritability, difficulty in adapting to change, and intense emotional reactions.

Irritable

Experiencing or showing a tendency to be easily annoyed or made angry.