The ________ the portion of your income spent on a good, the ________ is your demand for the good
A) larger; more income elastic
B) larger; more price elastic
C) smaller; less price elastic
D) smaller; more income elastic
C
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If the economy spends 80 percent of any increase in real GDP, then an increase in investment of $1 billion would result ultimately in an increase in real GDP of:
A. $0. B. $0.8 billion. C. $1.0 billion. D. $5.0 billion.
All of the following are possible funding sources for the government EXCEPT
A. borrowing. B. taxes. C. earnings from investing in company stock shares. D. user charges.
Consumption expenditures decrease when ________
A) the real interest rate falls B) disposable income increases C) autonomous consumption increases D) all of the above E) none of the above
According to published data pertaining to unemployment rates in selected European countries, the natural rate of unemployment
a. has been rising over the past three decades. b. declined sharply over the last three decades. c. has been lower than in the U.S. in the 1990s. d. has not changed much over the past three decades. e. Both a and c