Consider the budget line in the above figure. If the price of a magazine is $4, then the price of a hamburger is

A) $1.75.
B) $3.00.
C) $4.00.
D) $5.33.

B

Economics

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What is the "quantity demanded"?

A) the amount of a good people desire B) the amount of a good people are able and willing to buy during a specific time period and at a given price C) the amount of a good people are able and willing to buy at all possible prices D) the maximum amount of a good that can be consumed during a specific time period E) the minimum amount of a good that people are willing to buy during a specific time period and at a given price

Economics

Some states require that unions represent non-union workers who don't pay dues in their collective bargaining negotiations

Explain using economic logic how this might result in fewer unions than would otherwise be the case if these types of laws did not exist.

Economics