Refer to the graph shown.The poorest 30 percent of the families earn:

A. 9 percent of the income.
B. 15 percent of the income.
C. 2 percent of the income.
D. 5 percent of the income.


Answer: A

Economics

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In a market system, ________ provide signals about whether resources are relatively scarce or abundant.

A. scientists B. buyers alone C. government officials D. prices

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When two goods are unrelated,

A. their cross price elasticity of demand will be 0. B. their cross price elasticity of demand will be infinity. C. their cross price elasticity of demand will be negative. D. their cross price elasticity of demand will be positive.

Economics