Apples Are a Normal Good, So If the Price of an Apple

question 202

Multiple Choice

Apples are a normal good, so if the price of an apple increases from 50¢ to 60¢, the quantity of apples demanded decrease because of

• A) the substitution effect only.
• B) the income effect only.
• C) a change in income.
• D) the substitution and income effects.

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Definitions:

Military Reconstruction Act

Legislation passed in 1867 during the Reconstruction era in the United States, which outlined the terms for readmitting Southern states into the Union.

White Conservatives

A political ideology commonly associated with the right-wing, emphasizing traditional social orders, limited government, and, historically, opposition to rapid social change.

Congress's Reconstruction

Refers to the period after the Civil War when the U.S. Congress implemented laws and policies to rebuild and reorganize the Southern states.

Polls

Surveys of public opinion from a particular sample, often used in predicting election outcomes or gauging public attitudes on issues.