Bob invests $75 in an investment that has a 50% chance of being worth $100 and a 50% chance of being worth $0. From this information we can conclude that Bob is

The wealth effect is another term for the

A) the interest rate effect. B) the real-balance effect. C) substitution effect. D) the indirect effect.

As a result of an increase in the supply of a good, the equilibrium quantity ________ and the equilibrium price ________

A) increases; falls B) increases; rises C) decreases; falls D) decreases; rises