A decrease in the price of DVD players leads consumers to buy more DVD players. From this information we can conclude that DVD players

a. are normal goods.
b. are inferior goods.
c. are luxury goods.
d. could be any of the above.

Economics

The change in total revenue due to one unit change in labor usage is called marginal revenue

Indicate whether the statement is true or false

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Economics

The balanced-budget multiplier always equals 1.

Answer the following statement true (T) or false (F)

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Economics