In early 2010 there were __________ Americans working than there were 10 years earlier.

A. more
B. fewer
C. the same number of

B. fewer

Economics

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The income effect of a price change refers to the impact of a change in

A) income on the price of a good. B) the quantity demanded when income changes. C) the price of a good on a consumer's purchasing power. D) demand when income changes.

Economics

If a consumer is compensated for the income effect that occurs when the price of a good increases, then his demand curves can never slope upward

What will be an ideal response?

Economics