When disposable income is 2000, C is
A. 2000.
B. 2200.
C. 2400.
D. 2600.
C. 2400.
Economics
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Positive economic analysis
a. involves the study of firms with positive profits. b. involves how resources are actually used in an economy. c. involves judgments on how resources should be used in an economy. d. is usually thought to be a waste of time.
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For which product is the income elasticity of demand most likely to be negative?
A. Bread B. Used clothing C. Computer software D. Golf balls
Economics
Refer to Figure 18.1. With an import ban, what is the equilibrium price of gloves in Duckland?
A. $0 B. $8 C. $9 D. $12
Economics
When Ethan continues his education beyond high school, he is increasing his
A) human capital. B) capital. C) wage rate. D) rent. E) quantity of labor.
Economics