The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound, while Anne's income has stayed fixed at $46 per week. Since the price changes, Anne has been buying 4 bottles of wine and 2 pounds of cheese per week. We can conclude that
a. Anne is indifferent about the price changes.
b. Anne is worse off after the price changes.
c. Anne is better off after the price changes.
d. Anne may be worse off, better off, or indifferent after the price changes.
b. Anne is worse off after the price changes.
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The balance of payments schedule can be expressed as
a. X(Yƒ, ?) ? Z(Y, ?) ? F(r ? rƒ) = 0 b. X(Yƒ + ?) + Z(Y, ?) ? F(r ? rƒ) = 0 c. X(Yƒ, ?) ? Z(Y, ?) + F(r ? rƒ) = 0 d. X(Yƒ, ?) + Z(Y, ?) + F(r ? rƒ) = 0
Which of the following is an example of bundling?
A) a pair of pants B) a pizza and beer lunch combo C) a bicycle D) All of the above.
Refer to the payoff matrix below. Which of the following is true for Happy Campers?
A) The Low strategy dominates the Middle strategy
B) The High strategy dominates the Low strategy.
C) The Low strategy dominates the High strategy.
D) The Middle strategy dominates the Low strategy.
U.S. Treasury bonds owned by U.S. households, institutions, and government entities are referred to as
A. Internal debt. B. Debt refinancing. C. Debt servicing. D. External debt.