Question
1)Suppose we observe that as the price of lettuce decreases from $4 to $3 per head, consumers buy only half the number of heads of
1)Suppose we observe that as the price of lettuce decreases from $4 to $3 per head, consumers buy only half the number of heads of lettuce. This situation is best described as ...
a) an increase in demand.
b-a decrease in demand.
c-a decrease in the quantity supplied.
d-an increase in supply.
e-an increase in the quantity demanded.
2)Which one of the following is a positive question?
a-What is the optimal level of income inequality?
b-How much effort should we devote to addressing climate change?
c-Is free trade a good policy?
d-What is the minimum wage in California?
e-Should the government run a budget deficit?
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