Which of the following is true about the price elasticity of demand on the top part of a linear demand curve?
a. Demand is inelastic.
b. Demand is unitary elastic.
c. It is impossible to tell.
d. Demand is elastic.
d
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Describe the potential negative effects of an additional tax on the sale of all-terrain vehicles (ATVs) within the United States
What will be an ideal response?
According to John Maynard Keynes, an economist must possess a rare combination of skills including being a mathematician, historian, statesman, and philosopher
a. True b. False Indicate whether the statement is true or false
When suspects are interviewed in different rooms, they do not know what the other suspects are going to do and hence seek the best deal for themselves. This illustrates:
A. the idea of a noncooperative game. B. that the police are not taking into account the suspects' rights. C. the idea of a cooperative game. D. that criminals are irrational.
Make the case that the United States is not running out of oil or energy
What will be an ideal response?