What is the conclusion that behavioral economists have made about the amount of product variety in the market place?
What will be an ideal response?
The researchers have concluded that while some choice is highly valued by people, too much choice can reduce purchases.
Economics
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Inflation caused by continually decreasing short-run aggregate supply is
A) demand-pull inflation. B) demand-push inflation. C) cost-push inflation. D) cost-pull inflation.
Economics
Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per gallon of gasoline?
A) $1.00 B) $1.25 C) $1.50 D) $1.75
Economics