If the price of the good described in Exhibit 4-1 is $1.60, then an economist would expect the
a. price to decrease to $1.40
b. price to decrease to $1.50
c. quantity supplied to increase to 50 units
d. quantity demanded to increase to 80 units
e. quantity demanded to increase to 90 units
B
Economics
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If the government increases expenditure by $40 billion and increases tax revenue by $40 billion, what is the impact on aggregate demand? Explain your answer
What will be an ideal response?
Economics
Waiters, barbers, and bellhops are paid primarily through tips because
a. managers can easily assess their productivity b. managers are better at judging their productivity than are consumers c. consumers can judge their productivity easily d. it's always been done that way e. union regulations require this form of payment
Economics