Refer to the information provided in Figure 4.5 below to answer the question(s) that follow. Figure 4.5Refer to Figure 4.5. The United States will import 3 million CD-Rom drives if ________ tariff per CD-Rom drive is levied on imported CD-Rom drives.

Identify changes in three variables that would cause the FE line to shift to the right

What will be an ideal response?

The consumption schedule is drawn on the assumption that as income increases, consumption will:

A. be unaffected. B. increase absolutely but remain constant as a percentage of income. C. increase absolutely but decline as a percentage of income. D. increase both absolutely and as a percentage of income.