Guiseppe Vibrato was so sick of his job that he quit, and now spends his days at the tavern, saying he never wants to work again. Guiseppe is

Once a firm has selected a price for its product, quantity is decided by consumers and their demand curves

a. True b. False Indicate whether the statement is true or false

Which of the following statements is true concerning income inequality?

A. Developed countries have greater income inequality than developing countries. B. Income is equally distributed in poor countries. C. The free market produces an unequal distribution of income. D. The government has no way to alter income inequality.