As the Relative Price of a Good Falls, the Substitution

question 224

Multiple Choice

As the relative price of a good falls, the substitution effect implies that people buy

• A) less of that good and more of its substitutes.
• B) more of that good and less of its substitutes.
• C) less of that good and less of its substitutes.
• D) more of that good and more of its substitutes.

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Definitions:

Offender

An individual who has committed a violation of the law or a rule.

Victim

An individual who suffers harm or loss as a result of a crime, accident, or other event or action.

Comprehensive Crime Act

Legislation intended to address multiple facets of crime and criminal justice, often including preventative measures, law enforcement powers, sentencing, and rehabilitation.

1984

A dystopian novel by George Orwell that explores the themes of totalitarianism, surveillance, and individual freedom.