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Author Question: Define a budget set. Is it the same as a budget constraint? What will be an ideal ... (Read 99 times)

RRMR

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Define a budget set. Is it the same as a budget constraint?
 
  What will be an ideal response?

Question 2

A gallon of milk costs 4 in Bonland. If the government fixes the price at 3.50, ________.
 
  A) the quantity demanded of milk will fall
  B) the quantity of milk supplied will increase
  C) a shortage of milk will occur in the market
  D) there will be an excess supply of milk in the market


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ebonylittles

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RRMR

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