Compared to low-income families, upper-income families are likely to
a. be larger in size.
b. be headed by an adult of prime working age (between 35 years and 64 years).
c. have more than one family member working.
d. be all of the above.
D
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Holding everything else constant, an increase in the price of raisins will result in
A) an increase in the quantity of raisins demanded. B) a decrease in the quantity of raisins demanded. C) an increase in the demand for raisins. D) a decrease in the supply of raisins.
Figure 4-14
Frustrated by the cost and ineffectiveness of the war on drugs, the U.S. government could consider "decriminalization" of the use and sale of cocaine. Critics contend that lower prices will expand drug use and that decriminalization will remove the stigma and danger from arrest associated with drug use, thus further increasing the demand and number of addicts. Which graph in Figure 4-14 best illustrates the critics' case?
a.
1
b.
2
c.
3
d.
4