A consumer's reservation price is the
A) amount she will pay for a hotel or airline reservation.
B) minimum amount she will pay for a good or service.
C) price that maximizes her surplus.
D) maximum amount she will pay for a good or service.
D
Economics
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Following the downgrade of U.S. debt by Standard & Poor's in August, 2011:
A) other rating agencies also downgraded U.S. debt B) interest rates spiked as investor's perception of risk increased C) investors didn't seem to be any more concerned about default risk than before the downgrade D) the U.S. implemented a plan to significantly reduce its budget deficit later that year
Economics
A demand curve is upward sloping because as the price decreases the quantity demanded decreases
Indicate whether the statement is true or false
Economics