A decrease in the demand for eggs caused by concerns over cholesterol is most likely attributable to which demand shifter?
A) income
B) prices
C) consumer preferences
D) prices of other goods
Answer: C) consumer preferences
Economics
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Refer to the table above. What is the shortage in the market when the price of a notebook is $3?
A) 4 units B) 10 units C) 16 units D) 20 units
Economics
How can restricting entry into a union help boost members' wages without the union specifically setting wages?
What will be an ideal response?
Economics