Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones?

The more limited information, the _____ the new classical AS curve

a. flatter. b. steeper. c. horizontal. d. downward sloping. e. none of the above.

Comment on the following: "Present-biased people are impatient, but impatient people don't necessarily have to be present-biased."

What will be an ideal response?