Price cannot fall so low that some sellers choose to supply a quantity of zero
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Foreign investment is considered direct only when
a. the foreign firm owns what is considered a controlling interest b. the foreign firm owns at least 50.1 percent of the company c. all foreign stockholders together own at least forty percent of the company d. the foreign firm has control of key patents e. none of the above
An option is a contract that always
A. gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract. B. gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract. C. states that the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price. D. gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Why is the total profit curve shaped like a hill?
What will be an ideal response?
If the elasticity of demand for a service is 1, then the demand for that service is
A. perfectly elastic. B. elastic. C. unit elastic. D. inelastic.