Gary and Christine are two players in game, in which Gary's decisions are based on the choice made by Christine. This is an example of a(n) ________

When the price of a good increases,

A) supply increases. B) quantity supplied increases. C) supply decreases. D) quantity supplied decreases.

An explanation for the low saving rate in the United States consistent with the demonstration effect includes:

A. highly-developed financial systems making it easy to buy homes with down payments under 15 percent. B. households spending beyond their means to keep up with community standards. C. large and persistent capital gains. D. relatively generous government assistance for the elderly and large down payments required for home purchases.