Which of the following can bring about a change in the quantity demanded?
a. Change in supply.
b. Change in quality.
c. Change in income.
d. Change in product price.
e. Change in taste.
d
Economics
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In the economic way of thinking, information is a scarce economic good because
A) people need more information. B) modern-day capitalism turned information into a tradable commodity. C) it is valuable, and there are opportunity costs to get it. D) a political conspiracy limits its production to keep citizens uninformed.
Economics
Real income can be determined by:
A. dividing the price level by nominal income. B. deflating nominal income for inflation. C. inflating nominal income for inflation. D. dividing the annual rate of inflation by the number "70."
Economics