A sudden massive reduction in the availability of chocolate will likely cause the price of chocolate to ________, which will ________ the quantity of chocolate demanded by consumers

A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

B

Economics

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The takings clause states that the government can seize private property only if ________ is provided

A) comparably-valued property B) just compensation C) fair market value D) the seller's asking price

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A product that has a negative income elasticity of demand is ________ good

A) a complementary B) a substitute C) a normal D) an inferior E) a negative

Economics