Equivalent variation means

A. finding an equivalent change in income that puts a person on the same utility as a change
in price would.
B. finding equal tax rates that insure quantity demanded does not change.
C. equalizing excess burden across all markets.
D. moving the same distance in either direction from a starting point on an indifference curve.


A. finding an equivalent change in income that puts a person on the same utility as a change
in price would.

Economics

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An decrease in supply is caused by a decrease in the price of the product

Indicate whether the statement is true or false

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Other things the same, when the interest rate rises,

a. people would want to lend more, making the supply of loanable funds increase. b. people would want to lend less, making the supply of loanable funds decrease. c. people would want to lend more, making the quantity of loanable funds supplied increase. d. people would want to lend less, making the quantity of loanable funds supplied decrease.

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An important advantage of the interview method is that the interviewer

What will be an ideal response?

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