This table shows individual demand schedules for a market.
According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 16
B. 11
C. 46
D. 30
B. 11
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Suppose that a market basket of two goods is changed by adding more of one of the goods and subtracting one unit of the other. The consumer will:
A) rank the market basket more highly after the change. B) rank the market basket more highly before the change. C) rank the market basket just as desirable as before. D) any one of the above statements may be true.
The long-run growth in the economy depends on all of the following, except:
a. the growth in productive resources. b. the level of technological development in the country. c. the increase in the availability of inputs. d. the increase in the productivity of inputs. e. the number of economic contractions witnessed in a year.
Why are Pigovian taxes preferred to regulatory policies as methods to remedy negative externalities?
If asset markets are driven by the "animal spirits" of investors, then
a. those markets reflect rational behavior. b. those markets reflect irrational behavior. c. the efficient markets hypothesis is correct. d. the stock market exhibits informational efficiency.