Albert’s idea about the buying preferences of low-income people in Chicago has been tested and accepted for the time being as accurate. It has become a(n) ______.

The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the apartment. The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them. The management decides to only offer the furniture and apartment together for rent. This is an example of

a. Tying b. Bundling c. Exclusion d. Fraud

If the consumer price index falls from 120 to 116 in a particular year, the economy has experienced:

A. inflation of 4 percent. B. inflation of 3.33 percent. C. deflation of 3.33 percent. D. deflation of 4 percent.