A ration coupon limits how much a producer can produce
Indicate whether the statement is true or false
F
You might also like to view...
The most liquid asset is ________
A) stocks B) bonds C) cash D) real estate E) none of the above
When a firm relies on radio and TV ads to reach potential customers, the firm is engaging in
A) direct marketing. B) mass marketing. C) interactive marketing. D) none of the above.
The cross-price elasticity of demand between milk and soft drinks is likely to be
a. negative because the goods are complements b. positive because the goods are complements c. negative because the goods are substitutes d. positive because the goods are substitutes e. 0 because the goods are not usually consumed by the same person at one time
If the government imposes an excise tax on gasoline equal to $0.25 per gallon and the demand curve for gasoline is downward-sloping, the supply of gasoline will:
A. shift upward and the price will increase by $0.25 per gallon. B. shift upward and the price will increase by less than $0.25 per gallon. C. shift downward and the price will decrease by less than $0.25 per gallon. D. shift downward and the price will decrease by $0.25 per gallon.