When disposable income is 6,000 savings is
A. -2100.
B. 0.
C. 2100.
D. 3900.
C. 2100.
Economics
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Meat at the supermarket has contributed to increase in food prices in 2010, and high feed and fuel prices mean that steak will likely cost a lot more this fall. The price of feed has increased 50 percent and hay has doubled from two years ago
Based on this information, which of the following is TRUE in the market for beef? A) Consumer surplus will decrease. B) Producer surplus will increase. C) Equilibrium price will decrease. D) Equilibrium quantity will increase.
Economics
The present value of a promise to pay $100 one year from now would be greater if the interest rate were higher
a. True b. False
Economics