When calculating the price elasticity of demand, which of the following conditions must be satisfied?
A) All other factors that influence demand must be held constant.
B) Prices of related goods must be held constant but all other factors must be allowed to vary.
C) Prices of related goods must be allowed to vary but all other factors must be held constant.
D) All other factors than influence demand must be allowed to vary.
A
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Proprietorships generally have unlimited liability, whereas partnerships and corporations have limited liability
Indicate whether the statement is true or false
Refer to Scenario 3 . If half the workers build huts and half of the workers gather coconuts, what would be the production on the island?
What will be an ideal response?
Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico. This subsequently drove up natural gas, gasoline, and heating oil prices. As a result, this should
A) move the economy down along a stationary short-run aggregate supply curve. B) shift the short-run aggregate supply curve to the right. C) move the economy up along a stationary short-run aggregate supply curve. D) shift the short-run aggregate supply curve to the left.
When net exports are positive,
a. exports are greater than imports b. imports are greater than exports c. imports are greater than investments d. exports are greater than depreciation spending e. exports are greater than net investment