Which of the following will most likely result from a destruction of half of the Florida orange crop due to a hard freeze?
a. a decrease in the demand for oranges
b. an increase in the supply of oranges
c. an increase in the quantity of oranges bought and sold
d. an increase in the price of oranges
D
Economics
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Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. What is the extra utility received by Kelly when she decides to consume 3 packages of gummy bears instead of 2 packages?
A) 20 B) 160 C) 180 D) 540
Economics
Equilibrium income equals planned autonomous spending
A) times the marginal propensity to consume. B) divided by the marginal propensity to consume. C) times the marginal propensity to save. D) divided by the marginal propensity to save.
Economics