The Fact That Consumers Will Purchase More of a Good

question 388

Multiple Choice

The fact that consumers will purchase more of a good that has become relatively cheaper

• A) is called the nominal income effect.
• B) is called the substitution effect.
• C) leads to an upward sloping demand curve.
• D) leads to negative marginal utility.

---

Definitions:

Behavioral Observation

Behavioral observation is a method of collecting data on a subject's actions and behaviors by watching and noting them in real time, often used in psychological and social research.

Symptom Inventories

Assessment tools used to evaluate and document individuals' symptoms for various psychological conditions.

Personality Inventories

Questionnaires that assess people’s typical ways of thinking, feeling, and behaving; used to obtain information about people’s well-being, self-concept, attitudes, and beliefs.

Beck Depression Inventory (BDI)

A self-report questionnaire that assesses the presence and severity of depressive symptoms.