You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. Th

You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. This is best described as a(n):

A.income effect.

B.substitution effect.

C.buyer’s reservation price effect.

D.seller’s reservation price effect.

正确答案：income effect.

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true? A.The Ticketmaster price is an equilibrium … 阅读详情>> "Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?"
Economics is best defined as the study of:

Economics is best defined as the study of: A.how people make choices in the face of scarcity and the implications of those choices for society as a whole. B.inflation, interest rates and the stock market. C.supply and demand. D.the financial concerns of businesses and individuals … 阅读详情>> "Economics is best defined as the study of:"
Economics is the study of:

Economics is the study of: A.the financial concerns of businesses and individuals. B.choice in the face of limited resources. C.the role of government in limiting the choices people make. D.whether we will have enough resources in the future. 正确答案：choice in the face of limited re … 阅读详情>> "Economics is the study of:"
Economists recognize that because people have limited resources:

Economists recognize that because people have limited resources: A.our future is bleak. B.they will never be happy. C.they have to make trade-offs. D.government intervention is necessary. 正确答案：they have to make trade-offs.
The Scarcity Principle states that:

The Scarcity Principle states that: A.society will eventually run out of resources. B.with limited resources, having more of one thing means having less of another. C.some countries have fewer resources than others. D.people don’t have enough money to buy what they want. 正确答案：wit … 阅读详情>> "The Scarcity Principle states that:"

You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. Th

相关文章

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

Economics is best defined as the study of:

Economics is the study of:

Economists recognize that because people have limited resources:

The Scarcity Principle states that:

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You can spend $5 for lunch and you would like to have two double cheeseburgers. When you get to the restaurant, you find out the price for double cheeseburger has increased from $2.50 to $2.99. You decide to have just one double cheeseburger for lunch. Th

相关文章

Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?

Economics is best defined as the study of:

Economics is the study of:

Economists recognize that because people have limited resources:

The Scarcity Principle states that:

发表评论 取消回复

发表评论取消回复