If the inflation rate for a given year is 5 percent, then $1.00 in the previous year will buy goods worth approximately $0.95 this year

If the number of wine producers decreases

A) the supply of wine increases. B) the supply of wine decreases. C) the demand for wine decreases. D) the demand for wine increases.

The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are an inferior good?

A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d