What Kind of Volcano Is in This Figure

question 118

Multiple Choice

What kind of volcano is in this figure?

• A)cinder cone
• B)large shield volcano
• C)small shield volcano
• D)composite volcano
• E)caldera

Interpret the effects of income and substitution on consumer choice and demand.

Analyze how changes in prices affect consumer's optimal consumption bundles.

Define and calculate the marginal rate of substitution.

Distinguish between normal and inferior goods based on consumer income levels.

---

Definitions:

Independent Variable

A variable that is manipulated or changed in an experiment to see if it causes an effect on another variable.

Dependent Variable

The variable in a study or experiment that is observed for changes in response to alterations in the independent variable.

Independent Variable

A variable in an experiment or study that is manipulated to determine its effect on a dependent variable.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations to the independent variable(s).