Suppose Hamburger Is an Inferior Good,but Not a Giffen Good,for

question 14

Multiple Choice

Suppose hamburger is an inferior good,but not a Giffen good,for Bob.If the price of hamburgers increases,

• A)the income effect is greater than the substitution effect.
• B)the income effect is smaller than the substitution effect.
• C)consumption of hamburger will increase.
• D)We are unable to judge the change of hamburger consumption.

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Definitions:

Gene Effect

The influence that a gene has on the phenotype or traits of an organism, including physical characteristics and behaviors.

Codominant

In genetics, a condition where two different alleles for a genetic trait are expressed simultaneously without one being recessive to the other.

Incomplete Dominance

A genetic phenomenon where the phenotype of a heterozygote is intermediate between the phenotypes of the two homozygotes.

Recessive

A genetic trait that is expressed only when two copies of the gene carrying the trait are present, as opposed to a dominant trait where only one copy is necessary.