The increasing popularity of hotdogs in a food joint has pushed up their price, making it unaffordable for many students living in the surrounding areas. This is an example of a ________

The median voter votes yes for a project if

A) the value of the project for him is larger than the tax he needs to pay. B) the value of the project for him is smaller than the tax he needs to pay. C) the total benefits are positive. D) the total cost is zero.

GoodPrice Increase Last YearAmusement park tickets5.0%Bowling balls4.2%Camouflage neckties3.1% Refer to Table 8.1, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 4.5%, which of the following statements is true?

A. The real price of all three goods decreased. B. The real price of amusement park tickets fell, and the real price of bowling balls and camouflage neckties rose. C. The real price of all three goods increased. D. The real price of amusement park tickets rose, and the real price of bowling balls and camouflage neckties fell.