Picture a linear downward-sloping demand curve. If the price continues to fall, price elasticity will
a. decrease
b. increase
c. remain unchanged
d. approach infinity
e. increase or decrease, depending on the character of the good
A
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A) a marginal statement B) a macroeconomic statement C) a normative statement D) a positive statement E) a statement that violates rational choice
A successful and stable cartel can be established if there are
A) many firms producing a storable product. B) many firms producing a perishable product. C) a few firms producing a storable product. D) a few firms producing a perishable product.
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a. True b. False Indicate whether the statement is true or false
Does increasing reliance on student loans distort students' career choices?
What will be an ideal response?