The demand curve illustrates the fact that consumers tend to purchase:
A. more of a good as their incomes rise.
B. more of a good as its price falls.
C. name-brand products more frequently than generic products.
D. more of a good as it becomes more popular.
Answer: B
Economics
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All other things held constant, premiums on options will increase when the
A) exercise price increases. B) volatility of the underlying asset increases. C) term to maturity decreases. D) futures price increases.
Economics
Continuing from the question above, an additional 10 people join the group who have expected medical spending of $5,000 per person on average. The new premium will be approximately
a. $1,500 b. $2,200 c. $2,500 d. $4,500
Economics