As gardeners tried to make their yards places for quiet retreat, sales of backyard fountains increased. What factor affecting demand does this illustrate?

a. income
b. market size
c. consumer expectation
d. consumer taste


Ans: d. consumer taste

Economics

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Economics

A Fed purchase of gold, SDRs, a deposit denominated in a foreign currency or any other asset is just an open market ________ of these assets, ________ the monetary base

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Economics

Using the table above, and assuming no bequest, what amount of consumption is chosen in period 1, if the consumer wants consumption in the two periods to be equal?

If initial wealth is $40,000, what amount of consumption is equal over the two periods?

Economics

If the price elasticity of supply is equal to 1, we would say the supply of the item is

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Economics