Jan heads to the store to buy burgers for dinner. Seeing a sale on hot dogs, she buys those instead. The change in her demand for burgers is due to which factor?
A. Preferences
B. Income
C. Prices of related goods
D. Number of buyers
C. Prices of related goods
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The rate of inflation and the purchasing power of money are
A) positively related. B) totally unrelated. C) inversely related. D) randomly related.
Prior to health care reform, young people would pay approximately ____ of the premium it would cost an elderly person
a. 1/6 b. 1/2 c. 2/3 d. 4/5
The market for _____ is an example of an oligopoly
a. hair gel b. body deodorants c. running shoes d. commercial aircrafts
Among the most difficult costs of crime to evaluate might be the
A. market value of material possessions stolen, damaged, or destroyed. B. wages lost due to missed work days following an assault. C. deterioration in quality of life due to physical injury. D. costs of law enforcement activities undertaken because of the crime.