What is the best example of a marginal change
A)After graduating from university, Audrey's income increases from $500 per month to $3000 per month.
B)In 2015 minimum wage in Saskatchewan increased from $10 per hour to $10.20.
C)Housing prices in an area increase by 40% when a new highway is built in a small town.
D)A hard freeze wipes out half of the tobacco crop in Ontario and the price of cigarettes doubles.

Question

Quizplus · Accepted Answer

A marginal change is a small or incremental change. In this case, the increase in minimum wage is a small change in comparison to other potential changes in the economy.

What Is the Best Example of a Marginal Change