If an increase in the price of lemonade results in people with lemonade stands having more income, then it can be argued that the price increase
A) acted as an incentive.
B) resulted in a redistribution of income.
C) acted as a transfer price.
D) reduced competition.
E) acted a signal.
Correct Answer:
Verified
Q136: Property rights to inventions discourage people and
Q137: Economic interaction occurs in firms as opposed
Q138: The role of government in a market
Q139: Transaction costs are the costs of
A)bribing government
Q140: The government can improve market conditions in
Q142: Explain how a market economy works to
Q143: Suppose Ashley and Allison can produce the
Q144: Suppose increased production of CD players in
Q145: Suppose you have two hotdog sausages and
Q146: Suppose you must divide your time between
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents