When you buy something, you do so because of the satisfaction you expect to receive from having and using that good. Another term that can be used for satisfaction is
A. price elasticity.
B. utility.
C. need.
D. purchasing power.
Answer: B
Economics
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A firm's incentive to compare marginal revenue and marginal cost is an application of the principle that rational people think at the margin
a. True b. False Indicate whether the statement is true or false
Economics
If the reserve ratio is 100 percent, the value of the monetary multiplier is:
A. 0. B. 1. C. 10. D. 100.
Economics