Answer to Question #6520 in Economics of Enterprise for MATHEW
a) A consumer must decide how to reallocate spending as a result of a
10% increase in the price of food and no change in disposal income.
b) Purchases of durable goods fall as a result of deteriorating consumer
c) Investment spending declines as a result of rising interest rates.
d) A firm contemplates the purchase of more technologically efficient
equipment as a result of a 20% increase in wages.
e) A cut in federal income taxes is expected to increase consumer
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