The tendency of people to be unwilling to sell a good they already own even if they are offered a price that is greater than the price they would be willing to pay to buy the good if they didn't already own it.

What will be an ideal response?

Endowment effect

Economics

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What can IAC do to expand trade with DVC?

What will be an ideal response?

Economics

Refer to the diagram where curves (a) through (e) are for five different countries. Of the countries listed below, income is most unequally distributed in country:



A.  a.
B.  b.
C.  c.
D.  d.

Economics