The figure above shows Sam's budget line. The vertical intercept of Sam's budget line is equal to
A) the quantity of coffee purchased if zero gasoline is purchased.
B) Pc/Y.
C) the quantity of gasoline purchased if zero coffee is purchased.
D) Pg/Y.
C
Economics
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A tax on an imported product is called a
A) tariff. B) quota. C) dumping signal. D) all of these choices.
Economics
The price of house paint, a normal good, has gone up. This change can be shown graphically as a:
A. shift in the demand curve to the right. B. shift in the demand curve to the left. C. movement along the demand curve to the right. D. movement along the demand curve to the left.
Economics