The midpoint quantity between 100 and 300 units is

a. 100 units
b. 200 units
c. 300 units
d. 150 units
e. 20,000 units


B

Economics

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Indicate whether the statement is true or false

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What will be an ideal response?

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Refer to Table 2.2, which presents hypothetical data on cross-price elasticity of demand estimates. Which goods are the best substitutes?



A. Coke and Pepsi

B. Hard Liquor and Beer

C. Beef and Chicken

D. Cheese and Butter

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A lifeguard who is out of work in the winter is

A. frictionally unemployed. B. seasonally unemployed. C. cyclically unemployed. D. structurally unemployed.

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