An example of a good that is rival in consumption is:
A. a sweater.
B. bottled water.
C. tap water.
D. All of these goods are rival in consumption.
D. All of these goods are rival in consumption.
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The opportunity cost of current consumption differs for borrowers and savers only if the interest rate for savers differs from the interest rate for borrowers.
Answer the following statement true (T) or false (F)
Compared to a single-price monopoly, when a monopoly can perfectly price discriminate, the deadweight loss
A) increases. B) decreases. C) remains the same. D) becomes infinite. E) probably changes, but more information is needed to determine if it increases, decreases, or remains constant.
What would happen in the market for laser eye surgery if insurance companies started to cover a portion of the price of voluntary procedures?
A) Demand and supply will both increase. B) Demand will increase, but this will not shift the supply curve. C) Supply will increase, but this will not shift the demand curve. D) Demand will increase and supply will decrease.
Using outlet stores to price discriminate has been successful for many companies, with sales increasing faster than at conventional retail stores
Indicate whether the statement is true or false