An increase in buyers' incomes
a. increases the quantity demanded of a good
b. decreases the quantity demanded of a good
c. increases the demand for a normal good
d. increases the demand for an inferior good
e. decreases the quantity demanded of a normal good
C
Economics
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A disadvantage of sole proprietorships is:
a. getting a charter b. limited liability c. inability to maintain enough inventory d. ease in entering and leaving business
Economics
Supporters of minimum-wage legislation argue that:
A. workers deserve a basic standard of living. B. it should be set below the market equilibrium wage. C. some workers will become unemployed as a result of the minimum wage. D. All of these are true.
Economics