When a Firm Substitutes Away from a Factor Whose Price

question 110

Multiple Choice

When a firm substitutes away from a factor whose price has risen and toward a factor whose price has fallen, it is an example of the

• A) output effect of a factor price decrease.
• B) factor substitution effect.
• C) factor complementary effect.
• D) output substitution effect.

---

Definitions:

Childhood Disorder

A broad term encompassing a range of physical, emotional, and cognitive conditions that affect children's development and functioning.

Identical Twin

One of a pair of twins who originate from a single fertilized egg, making them genetically identical to one another.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception, inappropriate actions and feelings, withdrawal from reality and personal relationships into fantasy and delusion, and a sense of mental fragmentation.

Taijin Kyofusho

A Japanese culture-bound syndrome characterized by intense fear that one's body, body parts, or functions displeases, embarrasses, or is offensive to others.