Problemas
Raid each question and choose the best areanes -huanda has moliced that the price of thagials has gone un Because of this, she has decided to buy a less expensive yogurt every morning hur het breaklast.This is an example of the A income effect C. nubstitution effect D. markat demand schedule
Roztwór
Zeferino
professionell · Tutor durante 6 años
4.5
(267 Votos)
Respuesta
The correct answer is 'C'. The situation described is an example of the substitution effect.
Explicación
## Step 1The problem presents a scenario where Suanda notices that the price of her preferred yogurt has increased. As a result, she decides to switch to a less expensive alternative. This situation is a classic example of the substitution effect.## Step 2The substitution effect is a concept in economics that describes how consumers react to changes in the prices of goods. When the price of a good increases, consumers tend to substitute it with a cheaper alternative. In this case, Suanda substitutes her preferred yogurt with a less expensive one due to the price increase.## Step 3The income effect, on the other hand, refers to the change in the quantity demanded of a good due to a change in real income. This is not the case here, as Suanda's income has not changed, only the price of the yogurt has.## Step 4The market demand schedule is a table that shows the quantity demanded of a good at different price levels. This is not relevant to the situation described, as it does not involve a change in the quantity demanded due to a change in price.