Why do people donate less when it is costlier to give?
What will be an ideal response?
The act of donating can be viewed as an economic good and similarly to other economic goods, the quantity demanded of it decreases when the price increases.
You might also like to view...
A straight-line Lorenz curve shows
A) an equal distribution of money income. B) a greater than proportionate share of income going to middle-income households. C) a high incidence of absolute poverty. D) a highly unequal distribution of income.
From the standpoint of economic growth, banks are important to
What will be an ideal response?
If the price of a commodity increases, all other things unchanged, you would expect the:
A) demand to decrease. B) quantity demanded to increase. C) quantity demanded to decrease. D) demand curve to shift to the left.
How much is the unemployment rate at point Q?
