Growing rice requires extensive irrigation in California. Economists consider water to be a ________ for rice farmers in California.

The above table has data from the nation of Atlantica. Based on these data, the amount of autonomous consumption is

A) $7.5 trillion. B) $0.5 trillion. C) $6.0 trillion. D) $1.0 trillion. E) $1.5 trillion.

What do economists call a situation in which consumers buy a different quantity than they did before, at every price?

(A) A move along the demand curve. (B) A shift in size of the demand curve. (C) A change in expectations. (D) A change in demand.