In the figure above, if the price falls from $8 to $7, demand is
A) elastic.
B) inelastic.
C) unit elastic.
D) income elastic.
E) perfectly elastic.
A
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Investment in health care does bear similarities to investment in human or physical capital
a. True b. False Indicate whether the statement is true or false
If mayonnaise and Miracle Whip are substitutes, then which of the following would increase the demand for Miracle Whip?
a. a decrease in the price of Miracle Whip
b. an increase in the price of mayonnaise
c. a decrease in the price of mayonnaise
d. Both a and b are correct
How could Raymond’s late-night behavior create a negative externality for his roommates?
a. if he practices his clarinet and prevents them from sleeping b. if he stays quietly in his own room and does not come out c. if he cleans the apartment and does their laundry while they sleep d. if he goes online and pays their utility bills and rent for the month
Which of the following is the main disadvantage of using shells as money instead of coins?
(A) Divisibility (B) Portability (C) Uniformity (D) Durability