If the multiplier effect did not exist, the aggregate demand curve would:

In behavioral economics, the endowment effect refers to

A) most people believe that most wealthy people inherit their wealth. B) many people would be indifferent between being endowed with money or knowledge. C) many people place a higher value on what they own than when they consider purchasing. D) most people respond to tax incentives to provide an endowment for their children.

What is one reason consumers might demand a discount for quantity purchases?

A) higher storage costs B) lower marginal cost C) lower marginal benefit D) price gouging