If the price of a good increases, ________
A) the budget constraint shifts to the right
B) the budget constraint shifts to the left
C) the consumer surplus increases
D) the consumer surplus decreases
D
Economics
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The ____ takes on particular importance because it is a self-enforcing equilibrium. That is, once this equilibrium is established, neither firm has an incentive to move
a. socially optimal solution b. Nash equilibrium c. disequilibrium d. payoff matrix
Economics
Sue has a checking account at the First National Bank; her checking account is a(n):
A. liability to Sue until she spends the funds. B. asset to Sue but actually a liability to the Federal Reserve. C. asset to the bank and a liability to Sue. D. asset to Sue and a liability to the bank.
Economics