In General,the Substitution Effect of an Increase in the Price

question 64

Multiple Choice

In general,the substitution effect of an increase in the price of a normal good:

• A) will cause the individual to buy more of that good because they have relatively more income.
• B) will cause the individual to buy less of that good because they have relatively less income.
• C) will cause the individual to buy more of that good and less of others because it is relatively less expensive.
• D) will cause the individual to buy less of that good and more of others because it is relatively more expensive.

---

Definitions:

Eve Hypothesis

A scientific theory suggesting that all modern humans have descended from a common maternal ancestor, dubbed "Mitochondrial Eve," who lived in Africa.

Out of Africa Hypothesis

A scientific theory proposing that all modern humans originated from a common ancestry in Africa before migrating to other parts of the world.

Denisovans

An extinct species or subspecies of archaic humans in the genus Homo, known from DNA evidence and a few fossil remnants found in Siberia.

Blade Tools

Prehistoric stone tools characterized by their elongated, blade-like shape, used by early humans and hominins.