Answer:
Explanation:
"I spend more on orange juice even as the price rises".
This implies that orange juice is not an inferior good because people demand less of an inferior product when their prices fall. In this case more is demanded as price rises implying that orange juice is being viewed as a luxury good or healthy drink. Consumers tend to interpret certain price increase positively and view the goods as superior.
Does this mean that I must be violating the law of demand?
YES
Generally, the law of demand states that, "citeris paribus (with all things being equal), as the price of a good rises, quantity demanded falls; conversely, as the price of a good falls, quantity demanded increases".
Therefore if "I spend more on orange juice even as the price rises", then obviously the law of demand is being violated
Drivers are keeping their cars longer than ever before. The average age of all cars on the road is over 11 years, up from eight years in 1995. Motorists who buy a brand-new car typically keep it for about six years, up from about four years in 2006.
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Answer:
D. when the government decreases the interest rate
Explanation:
Fiscal policy can be defined as the use of taxes, government spending and transfers to stabilize an economy. Expansionary fiscal policy of the government is when the government of a country decreases its taxes and increases its expenditure. the word "fiscal" refers to tax revenue and government spending.
when the government reduces its interest rates, consumers pay less interest, they have more money to spend and there will be drastic effect to that because there will be more spending in the economy. businesses also benefits from this decreased interest as they will be motivated to buy equipment and obtain loan to boost their businesses and pay less interest.
The money, if somehow the Fed lowers their discount rate, deciding on monetary policy, open market operations, and purchases
<h3>What does the term "monetary" mean? </h3>
of or pertaining to money or the systems used to supply and move money across an economy. a crime done with the intent to profit. a nation's monetary strategy. monetarily.
<h3>Does monetary refer to money? </h3>
The term "monetary" refers to money, particularly the total quantity of money in such a nation. [Business] To prevent inflation, several nations tighten their monetary policies. Synonyms: economic, financial, money, capital More words for "monetary"
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