Author Question: When an American college student in Davis, California spends 200 on a pair of Louis Vuitton jeans (a ... (Read 83 times)

nramada · **on:** Jun 29, 2018

When an American college student in Davis, California spends 200 on a pair of Louis Vuitton jeans (a famous French brand), U.S. consumption ________, U.S. net exports ________, and U.S. GDP ________.

A) does not change; increases by 200; increases by 200
B) increases by 200; decreases by 200; does not change
C) increases by 200; does not change; increases by 200
D) does not change; does not change; does not change
E) does not change; decreases by 200; decreases by 200

Question 2

According to your authors, the prohibition on alcohol kept the ________ curve relatively stable while the ________ curve became more ________.

A) supply; demand; elastic
B) supply; demand; inelastic
C) demand; supply; elastic
D) demand; supply; inelastic