If the price of good X goes up and the price of good Y goes down, then it is possible for
a. The person is better off than before.
b. The person is worse off than before.
c. The person is no better or worse off than before.
d. All of the above are possible.
d. All of the above are possible.
Economics
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Why are public goods non-rival in consumption? Explain with a real-world example
What will be an ideal response?
Economics
At present, the Social Security System
A) takes in more revenue than it spends on benefits. B) takes in less revenue than it spends on benefits. C) equates the revenue that it receives and the amount it spends on benefits. D) has no idea of just how much revenue it taking in.
Economics