Maude Thinks Delphiniums and Hollyhocks Are Perfect Substitutes, One for One.If

question 19

Multiple Choice

Maude thinks delphiniums and hollyhocks are perfect substitutes, one for one.If delphiniums currently cost $5 per unit and hollyhocks cost $6 per unit and if the price of delphiniums rises to $9 per unit,

• A)the income effect of the change in demand for delphiniums will be bigger than the substitution effect.
• B)1/4 of the change in demand will be due to the income effect.
• C)there will be no change in the demand for hollyhocks.
• D)the entire change in demand for delphiniums will be due to the substitution effect.
• E)3/4 of the change in demand will be due to the income effect.

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Definitions:

Somatic

Pertaining to the body, especially as distinct from the mind or psychological factors.

Auditory

Refers to anything related to the sense of hearing or sound perception.

Olfactory Hallucinations

Sensory hallucinations involving the perception of smells that are not present in the environment.

Auditory Hallucinations

The experience of hearing sounds or voices that are not present in the external environment.