Which of the following does NOT cause a shift in demand?
A) change in income
B) change in tastes
C) change in the price of the good
D) change in the price of a related good
C
Economics
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Refer to the scenario above. Arthur should place a bid of ________
A) $187.50 B) $200 C) $225 D) $250
Economics
Which of the following describes that people cannot examine every possible choice available to them but instead use simple rules of thumb to sort among the alternatives that happen to occur to them?
A) self-interest B) bounded rationality C) ceteris paribus D) normative economics
Economics