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Author Question: A person's wealth A) is measured independent of his or her current and expected future income. ... (Read 205 times)

nenivikky

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on: Jun 29, 2018
A person's wealth
 
  A) is measured independent of his or her current and expected future income.
  B) is a measure of how much money the person has.
  C) equals the value the person's assets minus his or her liabilities.
  D) All of the above are correct.

Question 2

Which of the following would cause an increase in the equilibrium price and decrease in the equilibrium quantity of watermelon?
 
  A) an increase in demand and an increase in supply greater than the increase in demand
  B) a decrease in supply
  C) an increase in demand and an increase in supply
  D) a decrease in demand and an increase in supply


lin77x

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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