Economists emphasize the importance of ____ in analyzing demand
a. quantity
b. market potential
c. wants and needs
d. price
e. sales opportunities
d
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In an unregulated market, healthcare consumers often
A) overestimate its benefit. B) cannot afford the care they need. C) overestimate their future need. D) All of the above are correct.
Suppose that the quantity of staplers demanded falls from 10,000 per week to 8500 . Use the midpoint formula to calculate the percentage change in quantity demanded
What will be an ideal response?
For network externalities to occur
A) the government has to create new laws. B) deadweight loss must be minimized. C) there must be a critical mass of users. D) there must be a positive benefit to society.
What is an example of lower production costs brought about by the use of technology?
What will be an ideal response?