Comparative statics analysis in economics is best illustrated as
A) the comparison of equilibrium points before and after changes in the market have occurred.
B) a comparison of two types of markets.
C) the comparison of the percentage of change in the one variable divided by the percentage change in the other variable.
D) an analytical technique used to show best case scenarios of demand and supply curves.
A
You might also like to view...
Differentiate between a progressive tax system and a regressive tax system
What will be an ideal response?
The purchasing power of money increases when
A) the inflation rate increases. B) there is inflation. C) there is deflation. D) there are more dollars in the economy.
If Larry has budget constraint B in the graph shown, what is his opportunity cost of one gallon of milk?
This graph shows three different budget constraints: A, B, and C.
A. It is 6 cases of soda.
B. It is exactly one case of soda.
C. It is less than one case of soda.
D. It is more than one case of soda.
Political parties
A. have a large influence on setting the political agenda of candidates. B. are only concerned with market efficiency. C. have primaries that influence the party platform. D. have a large influence on setting the political agenda of candidates and are only concerned with market efficiency. E. have a large influence on setting the political agenda of candidates and have primaries that influence the party platform.