The income effect of a decrease in the price of legal services, a normal good, results in
A) an increase in the demand for legal services.
B) an increase in the quantity of legal services demanded.
C) a decrease in the demand for legal services.
D) a decrease in the quantity of legal services demanded.
B
Economics
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There is no rational explanation how government can fund anti-smoking campaigns and tobacco subsidies simultaneously
a. True b. False
Economics
All of the following are examples of joint hypotheses on multiple regression coefficients, with the exception of
A) H0 : ?1 + ?2 = 1 B) H0 : = ?1 and ?4 = 0 C) H0 : ?2 = 0 and ?3 = 0 D) H0 : ?1 = -?2 and ?1 + ?2 = 1
Economics