The Supply of Eggs Comes from Chickens

question 66

Multiple Choice

The supply of eggs comes from chickens. The price of eggs will decrease if

• A) the supply of chickens decreases.
• B) the supply of eggs decreases.
• C) the price of chickens increases.
• D) the demand for eggs decreases.

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Definitions:

Disposable Income

The total money a person or household can use for saving or spending after deducting income taxes.

Autonomous Consumption

The level of consumption that would still occur even if a consumer had no income, driven by basic needs and commitments.

Autonomous Consumption

The level of consumption expenditure that occurs when income is zero, indicating the basic level of consumption that is necessary for survival.

Disposable Income

Monetary allocations for households after income taxes, intended for spending and saving.