You wear either shorts or sweatpants every day. You notice that sweatpants have gone on sale, so your demand for
a. sweatpants will increase.
b. sweatpants will decrease.
c. shorts will increase.
d. shorts will decrease.
d
Economics
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"Countries are poor because they cannot afford to save and invest" is called the:
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If MU a /P a = 100/$35 = MU b /P b = 300/? = MU c /P c = 400/?, the prices of products B and C in consumer equilibrium:
A. cannot be determined from the information given. B. are $105 and $140 respectively. C. are $105 and $175 respectively. D. are $100 and $200 respectively.
Economics