If dividend income increases, the following does not happen
A) the consumer chooses to consume more leisure.
B) the consumer chooses to consume more consumption goods.
C) the budget constraint shifts to the right.
D) the substitution effect exceeds the income effect.
D
Economics
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Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
Economics
The imposition of an excise tax on a service will _____ the supply of that service.
Fill in the blank(s) with the appropriate word(s).
Economics