Linesha, a University Student Working Part-Time, Receives a Wage Increase

question 76

Multiple Choice

Linesha, a university student working part-time, receives a wage increase.An avid movie buff, she increased her purchases of Blu-ray discs and reduced her purchases of DVDs.Based on this information,

• A)DVDs and Blu-ray discs are substitutes.
• B)Blu-ray discs are normal goods and DVDs are inferior goods.
• C)DVDs and Blu-ray discs are normal goods.
• D)the cross-price elasticity between DVDs and Blu-ray discs is negative.

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Definitions:

Literacy

The ability to read and write at a level that enables communication, understanding, and participation in society.

Cognitive Improvements

Enhancements in thinking, memory, problem-solving, and other mental functions through growth, learning, or intervention.

Non-Literate Farmers

Non-literate farmers refer to agriculturalists who do not rely on written language for communication or record-keeping, often using oral tradition and experience instead.

Own Experience

Pertains to personal encounters or events individually lived through or perceived, contributing to one's knowledge base.