A. how long people are expected to live from birth.
B. how many people go to school.
<span>D. how many adults can read.
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A market economy is based mainly on individual choice because it exists based on what each person who participates in it wants and is willing to pay for it. What you want to buy will probably be produced, and vice versa.
a citation is issued for violations that are such citations carry fines ranging from $100 to $500. the DBPR may issue a notice of noncompliance as a first response to a minor violation.
Answer:
B. consumption bundles
Explanation:
Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.
For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.
Preferences of buyers are independent not prices and income level.
Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.
This phenomenon is known as the <u>"income"</u> effect.
The income effect refers to an adjustment in the interest of a decent or administration, instigated by an adjustment in the purchasers' optional wage.
The income effect is the impact on real income when value changes - it tends to be certain and negative. Beneath, as value falls, and expecting ostensible salary is steady, a similar ostensible pay can purchase a greater amount of the great - thus interest for this (and different products) is probably going to rise.
