If the percent change in price is greater than the percent change in quantity demanded, then demand is price inelastic
Indicate whether the statement is true or false
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Gasoline prices in the United States decreased significantly between 2008 and 2009. A decrease in the price of gasoline, holding other things constant, will cause which of the following to occur?
A) increase the demand for gasoline. B) decrease the demand for gasoline. C) increase the quantity of gasoline demanded. D) decrease the quantity of gasoline demanded.
To create a new company data file in QuickBooks, use the:
a. Company menu > New Company b. Company section of the Home page > New Company c. File menu > Open or Copy Company d. File menu > New Company
The federal government receives most of its revenues from
A. personal income taxes. B. property taxes. C. corporate taxes. D. excise taxes.
Refer to the graph shown. Given the long-run average cost curve, the minimum efficient scale of production is:
A. 23. B. 16. C. 21. D. 18 to 21.