Suppose there is an increase in consumer confidence. Which of the following represents the complete list of variables that must increase in response to this increase in consumer confidence?
A) consumption
B) consumption and investment
C) consumption, investment and output
D) consumption and output
E) consumption, output and the interest rate
E
Economics
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Public goods are
a. valuable socially. b. not depletable and not excludable. c. subject to the "free rider" problem. d. All of the above are correct.
Economics
If a price-discriminating monopolist sells the same product in two markets but charges a higher price in market X and a lower price in market Y, the pricing difference indicates that demand is:
A. More elastic in market X than market Y B. Less elastic in market X than market Y C. Less elastic in market Y than market X D. The same in both market X and Y
Economics