If the price of business broadband is greater than that of residential broadband, all else equal
A) business has greater price elasticity than residential.
B) residential has greater price elasticity than business.
C) both have inelastic demand curves.
D) generally speaking, broadband is equally priced.
B
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Suppose the market for home-grown peppers in the town of Smallville is comprised of two farmers. Explain why they might try to collude
Under a fixed exchange rate system, if the dollar price of Mexican pesos is above its equilibrium level, the peso is referred to as overvalued and the dollar is necessarily undervalued
Indicate whether the statement is true or false
Positive analysis:
A. aims at determining only the economic consequences of a particular policy. B. recommends whether a policy should be implemented. C. determines whether the consequences of a policy are desirable. D. depends on the analyst's values.
Refer to the diagram. If labor is the only variable input, the average product of labor is at a:
A. minimum at point b.
B. maximum at point b.
C. maximum at point a.
D. maximum at point c.