A bad good is a commodity that the consumer doesn’t like. The consumer has to be compensated with the good they like for having to put up with the bad good. Thus the consumer will have indifference curves that slope up and to the right
Dana05 answered the question on August 15, 2019 at 14:00
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Money demand...(Solved)
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C = 400+ 0.75T
I = 200 - 100r
T = 70 + 0.2Y
G = 100
Money supply = 4000
Money demand = 0.2Y – 10r
Find the values of Y, C, T, M and I
Date posted: August 14, 2019. Answers (1)