Since most consumers spend very little on salt, a small increase in the price of salt will:

A. reduce quantity demanded by a large amount.
B. not change quantity demanded.
C. not reduce quantity demanded by very much.
D. increase quantity demanded by a small amount.


Answer: C

Economics

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Which school of thought believes that recessions are the result of inappropriate monetary policy?

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An individual who pays for personal auto repair has incurred a

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In response to the economic downturn, the federal government enacted a fiscal stimulus bill with funding in excess of $700 billion

a. True b. False Indicate whether the statement is true or false

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