Stores such as Costco and Sam's Club require an annual membership before you can shop there. This is a form of
A) two-part pricing.
B) price gouging.
C) a tie-in sale.
D) anti-competitive behavior.
A
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The supply of a good will tend to be highly elastic if
A) additional resources to produce the good can be obtained quickly and with no increase in cost. B) its price rises quickly and sharply when the demand increases. C) the good has few close substitutes. D) the good is generally classified as a luxury. E) the good is generally classified as a necessity.
An appreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
A checking deposit in a bank is considered ________ of that bank.
A. capital B. a liability C. net worth D. an asset
Refer to the data. The total cost of four units of output is:
A. $260.
B. $77.50.
C. $310.
D. $215.