Consider the following demand table and the graph.Demand TablePriceQuantity demanded per week$5.00100$4.00150$3.00200$2.00250Which of the demand curves best reflects the demand table?
A. A
B. B
C. C
D. D
Answer: C
Economics
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An indication that the economy is in recession, e.g., a rise in the number of used clothing stores for babies, suggests that
a. used clothes for babies are a necessity b. used clothes for babies are an inferior good c. used clothes for babies are a normal good d. new clothes for babies are a luxury e. used clothes for babies have price-elastic demand
Economics
The official U.S. poverty line for a family is calculated by taking 3 times the annual cost of:
a. public housing. b. basic medical care. c. utilities and transportation. d. a minimal diet.
Economics