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

---

Definitions:

Hysteria

A psychological disorder historically ascribed to women, characterized by exaggerated or uncontrollable emotion or excitement.

Neurosis

A broad category of psychological disorders characterized by anxiety, depression, or other feelings of distress that affect day-to-day functioning.

Eating Disorders

Mental health disorders characterized by abnormal or disturbed eating habits, which can severely impact a person’s health and well-being.

Depression

A common mental health disorder involving persistent sadness, loss of interest, and a lack of energy, affecting an individual’s feelings, thoughts, and behaviors.