Examlex
An increase in demand causes the equilibrium price to _____ and the equilibrium quantity to _____.
WARP
The Weak Axiom of Revealed Preference (WARP) is a criterion used to check for consistency in consumer choice behavior under the assumption of rationality.
Bundle
A set of goods or services sold together as a single package.
Revealed Preferences
An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.
Francs
A currency unit formerly used in France and some other countries, and still used in some territories.
Q32: In the market economy, the primary channel
Q73: One reason that buyers purchase less of
Q140: _ refers to the goods and services
Q153: In a market economy, product prices do
Q160: An increase in the price of Lays
Q186: Any point inside the production possibilities frontier
Q229: The choice to attend a free college
Q243: An effective price ceiling is imposed in
Q309: Which of these is among the top
Q313: Which factor will cause an increase in