In Problem 4, Maude Thinks Delphiniums and Hollyhocks Are Perfect

question 9

Multiple Choice

In Problem 4, Maude thinks delphiniums and hollyhocks are perfect substitutes, one for one. If delphiniums currently cost $5 per unit and hollyhocks cost $6 per unit and if the price of delphiniums rises to $9 per unit,

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

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Definitions:

Directly Inserts

The process by which certain structures, like tendons, attach directly to bones or other tissues.

Digits

Digits refer to the fingers and toes in humans and other animals, which are essential for various functions such as grasping and balance.

Index Finger

The second digit of the human hand, located between the thumb and the middle finger, often used for pointing.

Sternocleidomastoid

A muscle located in the neck that is responsible for turning the head side to side and nodding.