Examlex
Which of the following is true of closed-ended questions?
Substitution Effect
The change in the consumption of goods as a result of a change in their relative prices, holding the consumer's utility level constant.
Income
The financial gain received by an individual or business, typically expressed as a total earnings or profit.
Price
The amount of money required to purchase a good or service, or the value that consumers are willing to pay for it.
Apples
Edible fruits with a sweet taste and crisp texture, coming in many varieties and colors like red, green, and yellow.
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