Sam will drink anything that is cold, while Dave will only drink Gatorade. We expect Sam is willing to pay more for Gatorade than is Dave.
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Q9: Substitutes need to be exactly the same
Q10: What you can afford is limited by
A)
Q11: Your demand for tickets to the Lady
Q12: Your preferences measure
A) the availability of alternatives.
B)
Q13: Your preferences are determined only by your
Q15: Economists describe all of your wants -
Q16: For economists, the terms wants and demands
Q17: To get tickets to see the Spice
Q18: What you can afford is limited by
A)
Q19: Making a smart choice depends on what
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