Why would the supply curve of a dog-walking business be considered elastic?
(A) Because it can hire workers quickly if the price rises.
(B) Because the supply of dogs changes quickly.
(C) Because the supply of dog walking isn't easily expanded or reduced.
(D) Because the demand for dog-walking services fluctuates.
Ans: (A) Because it can hire workers quickly if the price rises.
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The law of demand is true for most goods in the economy
a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
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A. produce a less interested audience. B. reduce the well-being of ticket sellers. C. reduce the well-being of ticket buyers. D. produce a more interested audience.