When a Price Changes,there Are Two Effects: the ________ Effect

question 86

Multiple Choice

When a price changes,there are two effects: the ________ effect and the ________effect.

• A) real-income; consumer optimum
• B) substitution; marginal utility
• C) real-income; substitution
• D) marginal utility; substitution
• E) consumer optimum; substitution

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Definitions:

Public Relations Problem

An issue that could negatively affect an organization's public image or relationships.

Negative Information

Details or facts that convey adverse, unfavorable, or detrimental qualities or outcomes, which can influence perceptions, decisions, or actions.

Negative Organizational News

Information regarding adverse events, decisions, or changes within an organization that might impact its stakeholders.

Indirect Format

An indirect format is a method of communication or arrangement of material that is not straightforward, often using suggestions or implications to convey a message.