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Figure 21-23
-Refer to Figure 21-23. When the price of X is $80, the price of Y is $20, and the consumer's income is $160, the consumer's optimal choice is D. Then the price of X decreases to $20. The income effect can be illustrated as the movement from
Evaluation Apprehension
A strong concern about receiving negative evaluations from others.
Social Anxiety
A chronic mental health condition in which social interactions cause irrational anxiety, fear, self-consciousness, and embarrassment.
Anticipated Social Interactions
The expectation or forecasting of future social encounters, which can influence behavior and emotions in the present.
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