Theatres charge lower prices for a matinee and usually don't accept coupons for the night showing of movies because
A) consumers that attend the matinee have a higher price elasticity of demand.
B) consumers that attend the night show have a lower price elasticity of demand.
C) it increases profits compared to charging a single price.
D) All of the above.
D
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A decrease in the price of coffee, other things being equal, causes a(n):
a. leftward shift in the demand curve for coffee. b. downward movement along the demand curve for coffee. c. rightward shift in the demand curve for coffee. d. upward movement along the demand curve for coffee.
The labor ____ curve(s) will shift if there is a change in productivity or a change in the demand for the final product
a. supply b. demand c. supply and demand d. None of the above are correct. Changes in productivity and the demand for final products do not affect the labor market.
Keynes rejected the view that lower wages would direct a recessionary economy back to full employment because
What will be an ideal response?
A free rider is a person who:
A. is harmed by another's actions. B. is subject to a negative externality. C. receives benefits from someone else's action but does not pay for them. D. pays less than the full value for a product.