A drug addict will likely have a demand for drugs that is very
A. upward sloping.
B. elastic.
C. flat.
D. inelastic.
Answer: D
You might also like to view...
Of the groups listed below, which is most likely to lobby for protection?
A) workers in importing industries B) workers in exporting industries C) consumers of imported goods D) producers in exporting industries
Russian Rubles Because of sanctions over their involvement in Ukraine in 2014, the Bank of Russia has raised its benchmark interest rate from 8% to 9.5%. What affect does this have on the exchange rate for the Russian Rubble versus the Euro?
One way for firms to analyze their choices in an oligopoly is by using:
A. cost minimization theory. B. marginal revenue maximization strategy. C. game theory. D. None of these is an effective method for oligopolists.
Consumer surplus in a market for a product would be equal to ________ if the market price was zero
A) zero
B) the area under the demand curve
C) the area between the supply curve and the demand curve
D) the area above the supply curve