The demand for Nike shoes will be _________________ than the demand for shoes in general
a. More elastic
b. More inelastic
c. Less elastic
d. Less inelastic
a
You might also like to view...
An economist would predict that if the government imposes price controls on medical care, the result will be an increase in the supply of affordable care in the United States.
Answer the following statement true (T) or false (F)
Some economists and policymakers who are in favor of government-provided health care believe that providing health care will
A) create negative externalities. B) generate more adverse selection. C) reduce asymmetric information. D) generate additional moral hazard.
A static decision is one that
A) is made very slowly. B) involves planning over one time period. C) involves planning over exactly two time periods. D) involves planning over more than one time period.
To what can we attribute the relatively high population growth in colonial America, compared with growth in England?
(a) The relatively advanced medicine in the colonies (b) Better climate, food and water (c) Better hygiene and preventive care (d) All of the above