If Isabella buys two goods and the prices of both goods decrease by 50%
A) the budget constraint will be unchanged.
B) the slope of the budget constraint will increase.
C) the slope of the budget constraint will decrease.
D) the budget constraint will shift outward in a parallel fashion.
D
Economics
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The situation in which a firm charges different prices for different blocks of output is referred to as:
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination.
Economics
A fiscal policy action to close an expansionary gap is to:
A. increase transfer payments. B. decrease government purchases. C. decrease taxes. D. increase the marginal propensity to consume.
Economics