income effect
What will be an ideal response?
has led to a decrease in the quantity demanded or if the price goes down then you would buy more.
Economics
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How can technological innovations be a source of unemployment?
What will be an ideal response?
Economics
If textbook prices rise by 5% this year, and textbook purchases fall by 5% this year, then the price elasticity of demand is:
A) .05. B) .10. C) .55. D) .95. E) 1.0.
Economics
Explain the differences between the public debt and the government budget deficit
What will be an ideal response?
Economics
Cab drivers operating from JFK Airport to the City of New York legally must charge a specific fare. This is an example of
A) social regulation. B) economic regulation. C) the market share test. D) the rate of return test.
Economics