Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call

The Chairman of the Fed is appointed by ________

A) the Board of Governors of the Federal Reserve System B) the President of the United States C) Congress D) the U.S. Senate

As the price of a good increases:

a. that good will yield less satisfaction per dollar than before. b. consumers will have more real income to spend on other goods. c. the quantity demanded of that good will also increase. d. the utility-maximizing quantity of that good willl not change. e. consumers will buy the good and substitute away from other goods.