If the price of gasoline increases significantly for several months:
A) consumers will purchase fewer large sports utility vehicles
B) consumers will not change their automobile purchasing decisions
C) consumers will purchase less ethanol than previously
D) all of the other three answers
Correct Answer:
Verified
Q9: If you are eating pizza at a
Q10: The Law of Diminishing Marginal Utility explains:
A)
Q11: A rational individual would never:
A) drive a
Q12: When an economist says that an apple
Q13: An economist should never:
A) make value judgements
Q15: An increase in the per capita income
Q16: To an economist, rational behavior means:
A) that
Q17: The Law of Diminishing Marginal Utility implies
Q18: If TU is increasing, then MU is:
A)
Q19: A person who has eaten so much
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