In 2006,the Average U

question 22

Multiple Choice

In 2006,the average U.S.household held approximately how much currency (dollar bills and coins) ?

• A)$50
• B)$100
• C)$600
• D)$1600
• E) none of the above

Understand the concept of the demand curve and its relationship with price and quantity demanded.

Identify the effects of price changes on the quantity demanded of goods and the relationship between goods (complements, substitutes, normal goods, and inferior goods).

Comprehend the law of demand and the factors that cause shifts in demand curves.

Analyze how changes in consumer income affect the demand for various types of goods.