Author Question: Refer to Figure 13-1. Ceteris paribus, a decrease in households' expectations of their future income ... (Read 131 times)

nevelica · **on:** Jun 29, 2018

Refer to Figure 13-1. Ceteris paribus, a decrease in households' expectations of their future income would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Question 2

Refer to Figure 3-4. At a price of 20, how many units will be sold?

A) 400 B) 500 C) 600 D) 800