Start learning →

Tap what belongs to each effect

Exercise and reference answers

Questions
  1. Items
    1. Text
      Swap toward cheap
      Matches the category
      Yes
    2. Text
      Less of dear good
      Matches the category
      Yes
    3. Text
      Buying power falls
      Matches the category
      No
    4. Text
      Normal good rule
      Matches the category
      No
    Category
    Substitution effect
  2. Items
    1. Text
      Buying power falls
      Matches the category
      Yes
    2. Text
      Normal good rule
      Matches the category
      Yes
    3. Text
      Income unchanged
      Matches the category
      Yes
    4. Text
      Swap toward cheap
      Matches the category
      No
    Category
    Income effect
Instructions
Tap only the items that belong to the named effect.

Explanation

_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 6 'Consumer Choices'_
Continue learning with Quill →

Browse more AP Microeconomics questions and exercises →