Jeremiah spends all of his income on oranges and cookies, which are normal goods. If Jeremiah's income decreases, he will buy ________ oranges and ________ cookies

His marginal utility from oranges will ________ and his marginal utility from cookies will ________. A) fewer; fewer; decrease; increase
B) more; more; decrease; decrease
C) the same quantity of; fewer; remain constant; decrease
D) fewer; fewer; increase; increase

B

Economics

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Refer to Table 9-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?

A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%

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What is a Gini coefficient?

What will be an ideal response?

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