Cashews and Asparagus Are Normal Goods

question 557

Multiple Choice

Cashews and asparagus are normal goods. When the price of asparagus falls, the substitution effect by itself causes

• A)the consumer to feel richer, so the consumer buys more cashews.
• B)the consumer to feel richer, so the consumer buys less cashews.
• C)cashews to be relatively more expensive, so the consumer buys less cashews.
• D)cashews to be relatively less expensive, so the consumer buys more cashews.

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Definitions:

Population Size

The total number of individuals within a species that occupy a particular geographic area.

Genetic Drift

A mechanism of evolution that causes allele frequencies within a population to change randomly with time due to chance events.

Natural Selection

A process by which species evolve over time as individuals with traits more suited to their environment are more likely to survive and reproduce.

Adaptive Evolution

The process through which populations become better suited to their environment through changes in genetic traits.