Suppose that when the price of hamburgers decreases, the Landry family decreases their purchases of chicken nuggets. To the Landry family
A) hamburgers and chicken nuggets are normal goods.
B) hamburgers and chicken nuggets are inferior goods.
C) hamburgers and chicken nuggets are substitutes.
D) hamburgers and chicken nuggets are complements.
C
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Reporters from the Wall Street Journal found that the office supply store Staples charged different prices for the same product to different online customers based primarily on
A) how many times the customer had looked up the product on its Website. B) the gender of the customer. C) the age of the customer. D) how close the customer's zip code was to competitors' stores.
A personal exemption refers to
A) an amount representing basic living expenses that can be subtracted from income. B) the tax bracket that represents basic living expenses. C) the tax rate that applies to a particular tax bracket. D) a dispensation that allows certain qualifying individuals not to pay federal taxes.