When income is allocated to two goods, x and y, consumer equilibrium occurs when

A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to

A) restrict the Fed's ability to make loans except to commercial banks. B) allow the Fed to buy commercial paper issued by nonfinancial firms. C) allow the Fed to make loans to investment banks. D) allow the Fed to make loans to any individual, partnership, or corporation in unusual and exigent circumstances.

Sugar and honey are viewed as substitutes for each other in many cooking applications. If the price of sugar rises, we would expect the:

a. demand for honey to increase. b. demand for honey to decrease. c. quantity demanded of honey to decrease. d. price of honey to decrease. e. quantity demanded of honey to increase.