Identify the Statement That Is True

question 9

Multiple Choice

Identify the statement that is true.Assume that the price of good increases.

• A) If x is a normal good, both the income and substitution effects lead to a fall in consumption of x.
• B) The substitution effect leads to a decrease in consumption of x only if x is an inferior good.
• C) If x is a normal good, the substitution effect alone leads to a decrease in consumption of x.
• D) If x is an inferior good, the income effect alone leads to a decrease in consumption of good x.

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Definitions:

Atherosclerosis

A cardiovascular disease characterized by the buildup of fats, cholesterol, and other substances in and on artery walls.

Immune Function

The activities and mechanisms through which the immune system identifies and defends against pathogens, harmful substances, and diseased cells.

Dominance Hierarchy

A social organizing principle where individuals within a group are ranked relative to each other in terms of authority, status, and access to resources.

Socio-Economic Status

An individual or group's position within a hierarchical social structure, which is determined by their income, education, occupation, and social network.