A decrease in the price of a good will
a. increase demand
b. decrease demand.
c. increase quantity demanded.
d. decrease quantity demanded.
c
Economics
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Which of the following represents a positive statement?
a. A higher income tax rate will reduce the amount of time that people spend working. b. Teenage unemployment should be reduced. c. We should raise the standard of living for the elderly. d. A decrease in tax rates is needed to help the poor.
Economics
Refer to the graph. The point Y represents the:
A. Rate of return for the market portfolio
B. Rate of return for the risk-free asset
C. Risk premium for the market portfolio
D. Compensation for time preference for a given asset
Economics