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Question
If Frank has been consuming 5 hamburgers per week at a consumer optimum, and the price of hamburgers falls, how will Frank respond?
A) He will save more income.
B) He will buy more of everything.
C) He will buy more burgers.
D) He will buy more of everything except burgers.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Q:
Refer to the above figure. At a price of $2 per gallon, there isA) a surplus of 20,000 gallons per month. B) a shortage of 40,000 gallons per month.C) a shortage of 80,000 gallons per month. D) a shortage of 60,000 gallons per month.
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Which of the following statements is FALSE?
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Q:
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