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If income increases and prices are unchanged, the consumer’s budget constraint
A、A、remains the same.
B、B、shifts outward.
C、C、shifts inward.
D、D、rotates outward along the horizontal axis.
A、A、remains the same.
B、B、shifts outward.
C、C、shifts inward.
D、D、rotates outward along the horizontal axis.
A good is called an inferior good if sales______.
A.are unaffected by income
B.rise as price increases
C.decline as price increases
D.decline as income increases
If, as income increases, the demand for product X decreases, X is said to be a/an______.
A.substitute good
B.complementary good
C.inferior good
D.normal good
A.price floor
B.normal good
C.substitute good
D.inferior good
A、income increases
B、population increases
C、the price of a substitute good increases
D、all the above
E、none of the above
A、It increases the net income by $3000
B、It decreases the net income by $3000
C、It increases the net income by $8000
D、It decreases the net income by $8000
A、increases in net interest income and decreases in the market value of equity when interest rates fall.
B、decreases in net interest income and decreases in the market value of equity when interest rates fall.
C、decreases in net interest income and increases in the market value of equity when interest rates increase.
D、increases in net interest income and increases in the market value of equity when interest rates increase.
E、decreases in net interest income and decreases in the market value of equity when interest rates increase.
A.200
B.240
C.300
D.400
A.decreases; decreases
B.increases; increases
C.decreases; increases
D.increases; decreases
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