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Author Question: Refer to Figure 10-9. Consider the budget constraint BC1. If the price of DVDs is 20 and the price ... (Read 82 times)

stevenposner

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on: Jun 29, 2018
Refer to Figure 10-9. Consider the budget constraint BC1. If the price of DVDs is 20 and the price of CDs is 10, what is the consumer's income?
 
  A) 120 B) 240 C) 360 D) 480

Question 2

Refer to Figure 24-1. Ceteris paribus, a decrease in personal income taxes 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.


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xiaomengxian

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

B

Answer to Question 2

A


stevenposner

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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