Ads make buyers feel that they ______ have the product. In other words, the ad makes the good more _________.
Fill in the blank(s) with the appropriate word(s).
must; inelastic
You might also like to view...
For the last few decades, the labor force participation rates of men have ________, and the labor force participation rates of women have ________
A) fallen; risen B) risen; risen C) fallen; fallen D) risen; fallen
Complete the table below to show how much of A the consumer will buy each week at each of the two possible prices of A. Also, show how much B will be demanded when the price of A changes
A consumer has an income of $24 to spend each day. The only two goods the consumer is interested in purchasing are goods A and B. The marginal-utility schedules for these two goods are shown in the table below. The price of B does not change and is $2. The marginal utility per dollar from B is also shown in the table. But the price of A varies as shown in the table. The marginal utility per dollar from A when the price of A is $8 and $4 is shown in the following table.
Which of the following long-term bonds has the lowest interest rate?
A) corporate Baa bonds B) U.S. Treasury bonds C) corporate Aaa bonds D) municipal bonds
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.