Michelle Palmisano has the rare talent to be a top rodeo rider, yet her winnings are not anywhere near the level of players in the major pro sports. The reason is that
a. anyone can ride in a rodeo
b. demand and supply have simultaneously shifted by unknown amounts
c. demand for her talent is not sufficient to support a high level of pay
d. technology for saddles has not advanced for a long time
e. consumer incomes have been increasing substantially
Question 2
Economists
a. believe that tastes are the major influence on consumers' income expectations
b. have observed that tastes vary with changes in the number of consumers
c. recognize that tastes have an important impact on demand
d. can say a great deal about the origin of tastes
e. suspect that tastes can cause a movement along the demand curve
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