Four Points on a Demand Schedule Are Given: $12, 2

question 161

Multiple Choice

Four points on a demand schedule are given: $12, 2 units; $10, 1 unit; $15, 1.5 units; and $2, 4 units. Which combination is inconsistent with the law of demand?

• A)$12 and 2 units
• B)$10 and 1 unit
• C)$15 and 1.5 units
• D)$2 and 4 units

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Definitions:

T-bills Yield

The return on investment for U.S. Treasury bills, being a measure of the interest income earned from holding these government securities.

Collect Funds

The process of gathering or accumulating money from different sources or transactions.

Flexible Cash

Funds that are readily available for use without restrictions or conditions, allowing for immediate allocation or investment.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.