In economics, the demand for a good refers to the amount of the good people:
a. would like to have if the good were free.
b. will buy at various prices.
c. need to achieve a minimum standard of living.
d. will buy at alternative income levels.
Question 2
Which of the following will cause consumption, and as a result, aggregate demand, to shift to the right?
a. an optimistic business forecast of future income growth
b. increased consumer wealth
c. an increase in consumer confidence
d. all of the above
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People with normal color vision see the number 29 in the chart; however, those who are color-blind c
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Survivorship curves for people in the United States in the early 20th and early 21st centuries