If the graph shown represents Suzi's budget constraint, what can be said about hairbands?
A. They cost twice as much as earrings.
B. They cost half as much as earrings.
C. Suzi likes hairbands more than earrings.
D. Suzi is willing to pay twice as much for hairbands.
B. They cost half as much as earrings.
Economics
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How is economic growth graphically depicted?
A) The long-run aggregate supply curve shifts right. B) Aggregate demand shifts to the right. C) Short-run aggregate supply shifts left. D) The aggregate demand curve shifts to the left.
Economics
The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____
a. market concentration b. income distribution c. technological progressiveness d. price discrimination e. none of the above
Economics