shift to the left or right for supply: cost of input falls
What will be an ideal response?
right
Economics
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At all the points below the midpoint on a linear demand curve, the value of price elasticity of demand is:
A) zero. B) greater than one. C) less than one. D) equal to one.
Economics
Which of the following banks is similar to a U.S. investment bank?
A) City banks B) Grossbanken C) Merchant banks D) Cooperative banks
Economics
Consumers do not prefer gifts-in-kind to cash gifts
What will be an ideal response?
Economics
The two most important rationales for government intervention in non-monopolistic markets are
A) market failure and asymmetric information. B) substandard products and job creation for public employees. C) job creation and income maintenance. D) unfair pricing and usury.
Economics