« previous next »

Author Question: In economics, the demand for a good refers to the amount of the good people: a. would like to have ... (Read 69 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
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


Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

What makes tea so good What makes tea so good
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Potatoes are a good source of complex carbohydrates Potatoes are a good source of complex carbohydrates
Marketing: Real People, Real Choices Marketing: Real People, Real Choices
Economics question Economics question
Video: Energy sources - types

For a complete list of videos, visit our video library