Disney sold The Little Mermaid for $20 with a $5 mail in rebate. The rebate should have
A. inverted overall customer demand.
B. stabilized overall customer demand.
C. increased overall customer demand.
D. reduced overall customer demand.
Answer: C
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Fran runs a doughnut shop in a tiny 3-person town. The table below shows the quantity demand by the three townspeople at various prices.Price PerDoughnutQuantity Demandedby AlQuantity Demandedby BettyQuantity Demandedby Carol10 cents104625 cents92535 cents71550 cents504 When the price of a doughnut is 50 cents, what is the market demand for doughnuts?
A. 5 doughnuts B. 31 doughnuts C. 9 doughnuts D. 20 doughnuts
In order to achieve a high economic freedom rating, a country must
a. elect political officials democratically. b. protect property rights, enforce contracts even-handedly, and rely extensively on markets to allocate goods and services. c. provide citizens with housing, health care, and other basic goods free of charge. d. use the taxing power of the state to redistribute income from the rich to the poor and thereby promote income equality.
Based on the available evidence, which of the following groups benefits most from mandatory seat belt laws?
a. automakers b. pedestrians c. drivers d. owners of collision-repair shops
Increased productivity in the agricultural sector is not always a benefit to farmers because it is accompanied by
A) lower prices and if demand is inelastic, lower prices mean lower revenues. B) higher prices and if demand is elastic, higher prices mean lower revenues. C) lower prices and if demand is elastic, lower prices mean lower revenues. D) higher prices and if demand is inelastic, higher prices mean lower revenues.