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Suppose you are a health care worker who is examining a child with the following symptoms: facial and bodily malformations,short attention span,hyperactivity,and motor impairments.Which drug would you suspect that the child's mother used during pregnancy?
Income Effect
The change in an individual's consumption patterns resulting from a change in their real income.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less expensive ones.
Leisure
Free time available to a person for relaxation, entertainment, or hobbies, not taken up by work or essential domestic activities.
Marginal Utility
The additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.
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