As the price of ballpoint pens increases, the demand for felt-tip pens can be expected to decrease
a. True
b. False
B
You might also like to view...
If income were distributed according to the egalitarian principle of "to each exactly the same," then one problem would be that
A) there would be little or no incentive for individuals to take risky, hazardous, or unpleasant jobs. B) individuals would have an excess desire to invest in their own human capital. C) too many individuals would want to take risky jobs. D) productivity levels would probably become too high.
Brand names help
A) create commodities. B) maintain market power. C) create competition. D) keep economic profits at zero.
If there is a surplus of euros at the current exchange rate, the exchange value of euros will tend to fall
a. True b. False Indicate whether the statement is true or false
The cross-price elasticity of demand measures:
A. the relationship between the demand for one good and the supply of another. B. the relationship between the demand for one good and the price of another. C. the relationship between the demand and supply of one good at the intersection of the curves. D. the elasticity of demand at the intersection of the supply and demand curves.