The substitution effect measures
A) the responses of quantities to changes in the relative prices of goods.
B) the responses of relative prices to changes in the demand for goods.
C) how two goods can be used for the same purpose.
D) the responses of quantities to changes in the relative qualities of goods.
Question 2
The intertemporal substitution of leisure effect is used to justify the assumption that current labor supply increases when the
A) current real wage increases.
B) current real wage decreases.
C) real interest rate increases.
D) real interest rate decreases.
Habituation to the Aversive Effect of the Odor of Pups
The Greenhouse Effect
Responses Produced by Activation of Specific Opioid Receptors
IPCC Temperature Increase Predictions Relative to 1986-2005
Effect of an Increase in Technological Progress
compton effect