If both demand and supply increase, price will
a. always increase
b. always decrease
c. increase only if supply increases more than demand does
d. increase only if demand increases more than supply does
e. decrease only if supply increases less than demand does
D
Economics
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units
Economics
Assume that the Cambridge k = 0.2. If income increases by $20,000, the demand for money will change by
A) $20,000. B) $10,000. C) $5,000. D) $4,000.
Economics