In the figure above, the demand is unit elastic
A) at the point where the price is $3.00 per cup
B) at the point where the price is $2.00 per cup
C) at the point where the price is $4.00 per cup
D) at the point where the price is $2.50 per cup
E) at all points along the demand curve
A
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Which of the following shifts the demand curve for movies rightward?
A) an increase in the price of NetFlix, a substitute for movies B) an increase in the price of movie tickets C) a decrease in the price of move tickets D) an increase in movie star salaries E) an increase in the price of HDTV sets
If C + I = Y and Y - C = S, then
A) I = 0. B) S = 0. C) S = I. D) Y = S + I.
Internet sites such as eBay make it easier for sellers and buyers to find one another and, by doing so,
a. reduce transactions costs. b. increase transaction costs. c. reduce the number of exchanges that occur. d. lower the value created by the goods and services available.
Refer to the accompanying table. Based on their comparative advantages, Pat should specialize in ________, and Corey should specialize in ________. Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. both making pizza and delivering pizza; neither making pizza nor delivering pizza B. delivering pizza; making pizza C. making pizza; delivering pizza D. neither making pizza nor delivering pizza; both making pizza and delivering pizza