Examlex
You watch a horror movie and are scared.Running through the background music is a sustained,high-pitched note on a violin.The next day,you are watching a drama that also has background music featuring violin.Suddenly,you feel uneasy.Which process explains this effect?
Price
The amount of money expected, required, or given in payment for something. It serves as a signal between buyers and sellers in a market.
Labor
The human effort, both physical and mental, used in the production of goods and services.
Substitution Effect
The change in quantity demanded of a good or service as consumers switch to or from substitutes when the price changes.
Income Effect
The change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.
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