Which of the following might cause the demand for ice cream, a normal good, to increase?
a. an increase in the price of ice cream
b. an increase in the price of sherbet
c. cooler weather
d. a decrease in the number of consumers
e. a decrease in consumer income
B
Economics
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Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per movie rental?
A) $2.00 B) $2.25 C) $2.50 D) $3.00
Economics
An automobile manufacturer is trying to make decisions about using more workers or more equipment. This belongs to the trade-off
A) Which goods and services to produce. B) How to produce. C) Who gets the goods and services. D) Who produces the goods and services.
Economics