Population will necessarily fall if the:

A. birthrate exceeds the replacement rate.
B. replacement rate exceeds the birthrate.
C. birthrate exceeds the total fertility rate.
D. total fertility rate exceeds the birthrate.


Answer: B

Economics

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Indicate whether the statement is true or false

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Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent decrease in the quantity of X demanded. Price elasticity of demand for X is

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