If the price elasticity of demand equals 1.0, then as the price falls, the
A) quantity demanded decreases.
B) total revenue falls.
C) quantity demanded does not change.
D) total revenue does not change.
D
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Explain why there is an active market for cola-flavored soft drinks in the United States but there is not an active market for sauerkraut-flavored soft drinks
What will be an ideal response?
If real GDP is $800 million and aggregate labor hours are 20 million, labor productivity is ________
A) $40 per hour B) $16,000 million C) $40 million D) $160 per hour
The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the
a. U.S. Steel case b. Brown Shoe case c. Von's Grocery case d. ALCOA case e. Pabst Brewing case
In the United States:
A. taxes decrease, but transfers increase, income inequality. B. taxes increase, but transfers reduce, income inequality. C. both taxes and transfers decrease income inequality. D. both taxes and transfers increase income inequality.