A Change in the Price of a Good Has Two

question 269

Multiple Choice

A change in the price of a good has two effects on the quantity consumed.What are these effects?

• A)the income effect and the substitution effect
• B)the utility effect and the budget effect
• C)the total utility effect and marginal utility effect
• D)the consumption effect and expenditure effect

---

Definitions:

Operations Combine

The integration of different business operations or activities to achieve greater efficiency or synergy.

Directors Approval

A formal endorsement by a company's board of directors to proceed with an action or decision.

Merger Plan

A strategic blueprint for combining two or more companies into a single entity, detailing the legal, financial, and operational steps involved.

Share Exchanges

A process by which companies exchange their own shares with each other, often as a means of acquisition or merger.