Ezybuy is a newly opened chain of departmental stores that offers its customers free home delivery for purchases above $100 . If this promotional policy increases the cost borne by the seller by $10 for every transaction, while each customer values this service at $3, it can be said to generate economic value
Indicate whether the statement is true or false
F
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Autonomous planned spending includes five components of which two are dependent on the interest rates. These are
A) government spending and autonomous tax revenue. B) the demand for exports and the demand for imports. C) autonomous consumption and planned investment. D) government spending and investment.
A "dirty float" is a system
A. Based on the gold standard. B. Of managed exchange rates. C. Of free-floating exchange rates. D. Of fixed exchange rates.
If the AD curve shifts rightward more than expected,
What will be an ideal response?
Which of the following statements is true?
A) If the price of a good is lowered and total revenue decreases, demand is elastic. B) If the price of a good is raised and total revenue does not change, demand is perfectly elastic. C) If the price of a good is raised and total revenue increases, demand is inelastic. D) If the price of a good is lowered and total revenue increases, demand is inelastic.