Examlex
Mr.Smith is a renowned gastronomist.As his job needs knowledge of a wide range of cuisines,he tries to remember a dish by its taste as well as its smell.Which of the following will best describe the technique used by Mr.Smith to remember various dishes?
Substitution Effect
The change in the consumption of goods that results from a change in their relative prices, holding the consumer's level of utility constant.
Income
Compensation acquired from job employment or the act of investing, usually in a regular pattern.
Price
The expected financial outlay, required, or dispensed in payment for something.
Claret
A red wine from Bordeaux, France, or a wine of similar character from elsewhere.
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