Which of the following factors is likely to lead to an increase in the quantity demanded of pens?
A) A fall in the price of paper B) A fall in the incomes of all consumers
C) A rise in the incomes of all consumers D) A fall in the price of pens
D
Economics
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If the economy is near full employment and Congress cuts taxes, the proper monetary policy should be
a. expansionary to keep the economy fully employed. b. expansionary to counteract the increased deficit. c. contractionary to shift the aggregate demand curve outward. d. contractionary to counteract the effects of fiscal policy.
Economics
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is:
A. $400. B. $1,600. C. $160. D. $85.
Economics