Why is the demand for one good elastic, but for another inelastic?
What will be an ideal response?
Number of substitutes
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How might inflation, even if fully anticipated, prevent the classical dichotomy from holding, even in the long run?
What will be an ideal response?
If Happy Campers, Campers R Us, and Happy Trails each have a market share of 22 percent, according to Chinese law, Happy Campers ________ be considered a dominant firm because the total market share across the three firms is ________ percent.
A) would; 66 B) would; 22 C) would not; 66 D) would not; 22
The main source of profit for financial institutions is
What will be an ideal response?
Which of the following groups would NOT be considered as part of the civilian labor force?
A. those already employed B. full-time students who are not working or looking for work C. all individuals only working part-time D. those who are unemployed