According to rational consumer choice, the thing that will happen to the optimal quantity of consumption for a good if the price increases is that option c: it will increase.
<h3>What will occur if in response to a fall in its price a consumer buys more of a good?</h3>
The income effect is known to often take place if a reduction in the price of a good tends to increases consumer's real income.
This is known to often making them have the ability to buy more or to purchase all of the goods, so the quantity demanded is known to often increases.
Therefore, According to rational consumer choice, the thing that will happen to the optimal quantity of consumption for a good if the price increases is that option c: it will increase.
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Answer:
Encoding is the process of getting information into memory. If information or stimuli never gets encoded, it will not be remembered. Encoding is the first stage of the memory process. Encoding occurs when information is translated into a form that can be processed mentally.
Answer:
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Explanation:
Down payment<span> (or </span>down payment<span>) is a </span>payment<span> used in the context of the </span>purchase <span>of expensive items such as a car and a house, whereby the </span>payment<span> is the initial </span>upfront<span> portion of the total </span>amount<span> due and it is usually given in cash at the time of finalizing the transaction.</span>