Gas stations can price the products that they sell in their convenience store a little bit higher because
a. these products are usually complements to the gas sales and the demand for gas is inelastic
b. these products are usually complements to the gas sales and the demand for gas is elastic
c. these products are usually substitutes to the gas sales and the demand for gas is inelastic
d. these products are usually substitutes to the gas sales and the demand for gas is elastic
a
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Investment will decrease if business taxes ____, real interest rates ____, or if business confidence ____
a. increase, increase, increases b. decrease, decrease, decreases c. increase, increase, decreases d. decrease, decrease, increases
Refer to the table that presents Mike and Janet's demand for apples by the bushel. If they are the only two in the market, which of the following represents a point on the market demand curve?Price per peckMike Quantity in pecksJanet Quantity in pecks$1226$2183$3140$4100$560
A. price = $4, quantity = 21 B. price = $1, quantity = 18 C. price = $4, quantity = 0 D. price = $2, quantity = 21
The labor force equals the number of people:
A. aged 16 years and older. B. employed. C. employed, unemployed and discouraged. D. both employed and unemployed.
An example of a supply shifter is:
A) demographic characteristics. B) technology. C) income. D) consumer expectations.