In Problem 4, Maude Thinks Delphiniums and Hollyhocks Are Perfect

question 24

Multiple Choice

In Problem 4, Maude thinks delphiniums and hollyhocks are perfect substitutes, one for one. If delphiniums currently cost $4 per unit and hollyhocks cost $5 per unit and if the price of delphiniums rises to $7 per unit,

• A) the entire change in demand for delphiniums will be due to the substitution effect.
• B) of the change in demand will be due to the income effect.
• C) the income effect of the change in demand for delphiniums will be bigger than the substitution effect.
• D) there will be no change in the demand for hollyhocks.
• E) of the change in demand will be due to the income effect

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Primates

The group of mammals that includes lemurs, lorises, tarsiers, monkeys, apes, and humans.

Evolutionary Course

The sequence of changes or developments in organisms or social entities over periods of time, driven by evolutionary mechanisms like natural selection.

Paleoanthropologists

Scientists who study human evolution by examining fossils and other evidence from the distant past.

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The complex whole of beliefs, practices, artifacts, and institutions that humans develop, share, and transmit across generations.