The above figures show the market for oranges. Which figure(s) shows the effect of a new government program that provides each public school child with an orange to start the day?

A) Figure A
B) Figure D
C) Figures A and C
D) Figures A and D


A

Economics

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For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads to

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The largest component of aggregate expenditure is _____

a. government purchases b. transfer payments c. imports d. consumption e. investment

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Which of the following would result from a tariff?

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Economics