The above figure shows Bobby's indifference map for juice and snacks. Also shown are three budget lines resulting from different prices for snacks. As the price of snacks rises, Bobby's utility

A) stays the same.
B) increases.
C) decreases.
D) might change, but there is not enough information to determine.

C

Economics

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The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed

A) higher; longer B) higher; shorter C) lower; longer D) lower; shorter

Economics

Although not the only ones, oligopolists produce goods that

a. have zero cross elasticities b. are unique c. are not differentiated d. have infinite cross elasticities e. have close substitutes

Economics