Imagine a Mousetrap with the Spring Arm Set and Latched,and

question 77

Multiple Choice

Imagine a mousetrap with the spring arm set and latched,and with the level of potential energy high.This potential energy was added to the mousetrap

• A) when it was first constructed.
• B) as kinetic energy when the arm was pulled back and latched.
• C) when the latch was released and the arm sprang forward.
• D) when the various materials used to construct the mousetrap were selected.

---

Definitions:

Income Effect

The change in an individual's or economy's income and how that change affects the quantity demanded of a good or service.

Real Income

Income of individuals or nations after adjusting for inflation, representing the actual buying power of the income.

Money Income

Income measured in terms of money received from employment, investments, or other sources, rather than in terms of goods or services.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level, at a specific time.