An upward shift of the consumption function might be caused by:
a. an increase in disposable income.
b. a decrease in disposable income.
c. a decrease in the price level.
d. a decrease in household wealth.
e. an increase in the interest rate.
c
Economics
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The slope of a budget line reflects the:
A. desirability of the two products. B. price ratio of the two products. C. amount of the consumer's income. D. utility ratio of the two products.
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What effect does the increase of the price of gasoline have on the cost curves of package delivery firms such as Federal Express or United Parcel Service? How might the effects differ for a software firm such as Symantec that uses the Internet?
Please provide the best answer for the statement.
Economics