Dave Is Undecided About Whether to Eat at a Restaurant

question 171

Multiple Choice

Dave is undecided about whether to eat at a restaurant or to order pizza at home. He then obtains a coupon for 20 percent off at the restaurant and decides to go there to eat. This is an example of

• A) someone using criteria other than price to make a consumption decision.
• B) a lower price leading a consumer to substitute more of the less expensive good for the relatively more expensive good.
• C) a lower price leading a consumer to buy more of a good because of the income effect.
• D) a consumer making a decision irrationally.

---

Definitions:

Population Growth

The increase in the number of individuals in a population, often measured as the change in total population over time.

Six Million

A figure often associated with the number of Jewish victims during the Holocaust in World War II.

Ten Thousand Years

A long-duration reference, often used to signify a vast amount of time, in various scientific or historical contexts.

Birth of Christ

is a religious and historical event commemorated by Christians as the nativity of Jesus, traditionally celebrated on December 25th as Christmas.