Jessie's demand schedule for candy bars indicates
A. How much she likes candy bars.
B. Her opportunity cost of buying candy bars.
C. How many candy bars she will actually buy.
D. Why she likes candy bars.
Answer: B
You might also like to view...
The following are all the forms of debt finance
A) bond, bank, and official finance B) bond and bank finance C) bond, bank, and portfolio finance D) foreign direct and portfolio investment E) direct investment, stock, and dividends
The typical value for the MPC is less than 1.0
a. True b. False Indicate whether the statement is true or false
Figure 5-4
In Figure 5-4, the rightward shift in budget lines from the one containing point A to the one containing point B
a.
resulted from equal price reductions in beer and wine.
b.
resulted from an increase in the consumer's income.
c.
could have been caused by income or price changes.
d.
All of the answers above are correct possibilities.
e.
None of the above is correct.
People learn to hold a specific quantity of money for the groceries, theater tickets, gasoline, clothes, film, and other items they habitually purchase. This behavior is representative of the:
A. precautionary demand. B. speculative demand. C. transactions demand. D. volatility demand.