If the Price of Muffins, a Normal Good That You

question 195

Multiple Choice

If the price of muffins, a normal good that you enjoy, rises,

• A) the income and substitution effects offset each other, but the price effect leads you to buy fewer muffins.
• B) both the income and substitution effects lead you to buy fewer muffins.
• C) the substitution effect which causes you to decrease your muffin consumption outweighs the income effect which causes you to increase your muffin consumption, resulting in fewer muffins purchased.
• D) the income effect which causes you to decrease your muffin consumption outweighs the substitution effect which causes you to increase your muffin consumption, resulting in fewer muffins purchased.

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Definitions:

NMR Spectra

The graphical representation obtained from nuclear magnetic resonance spectroscopy, which provides detailed information about the structure of molecules.

Frequency

The number of cycles or waves per unit of time, often used in the context of electromagnetic radiation or sound waves.

Hydroxyl Signal

A characteristic peak or signal in spectroscopy, especially in nuclear magnetic resonance (NMR) or infrared (IR) spectroscopy, indicating the presence of a hydroxyl (-OH) group.

Singlet

A term in spectroscopy describing a state where all electrons in an atom or molecule are paired, leading to no net electron spin.