An economist would say the price is too high for a certain service if
a. poor people couldn't afford to buy it.
b. nobody could afford to buy it.
c. the price was above marginal cost.
d. it is an essential service and consumes a significant share of income.
c
Economics
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The economy's Current Account measures primarily
a. sources and uses of current income b. income and outflow of payments for goods and services c. tax receipts and government spending d. changes in foreign exchange holdings e. none of the above
Economics
The M1 definition of the money supply includes:
a. currency in circulation and checkable deposits. b. Federal Reserve Notes, gold certificates, and checkable deposits. c. Federal Reserve Notes and bank loans. d. None of these.
Economics