Figure 3-20
Refer to . If the price decreases from $22 to $16, consumer surplus increases by
a.
$120.
b.
$360.
c.
$480.
d.
$600.
b
Economics
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If the inflation rate is 2.5 percent and the nominal interest rate is 10 percent, then the real interest rate is
A) 2.5 percent. B) 7.5 percent. C) -2.5 percent. D) -7.5 percent. E) 12.5 percent.
Economics
Which one of the following will shift the consumption curve upward?
a. higher interest rates b. expectations that the economy will grow in the future c. a decrease in money holdings d. higher capacity utilization rates e. a tax cut
Economics