The supply of movie tickets at one theater's box office for this Saturday's 4:30 showing of a new movie is
A) perfectly elastic until all seats are filled.
B) unit elastic.
C) perfectly inelastic.
D) elastic.
C
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The market for novels is
a. perfectly competitive. b. a monopoly. c. monopolistically competitive. d. an oligopoly.
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is
A) -1.25. B) inelastic. C) Both A and B above. D) Neither A nor B above.
Assuming the effect of a specific outcome being tested is zero is known as
A. the null hypothesis. B. regression discontinuity. C. a statistical anomaly. D. a zero-sum game.
U.S. exports create a:
A. Supply of foreign currencies and a demand for dollars in the foreign exchange markets B. Demand for foreign currencies and a supply of dollars in the foreign exchange markets C. Supply of foreign currencies and a supply of dollars in the foreign exchange markets D. Demand for foreign currencies and a demand for dollars in the foreign exchange markets