A vertical demand curve for a particular good implies that consumers are
A) sensitive to changes in the price of that good.
B) not sensitive to changes in the price of that good.
C) irrational.
D) not interested in that good.
B
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Unemployment typically ________ during a recession.
A. remains constant B. only exist C. rises D. falls
Vertical integration can lower firms' costs through each of the following except which one?
A) increasing the complexity of coordination B) reducing information costs C) eliminating the hold-up problem D) creating synergies
In 2005, the cash assistance program with the highest total annual payments was TANF
Indicate whether the statement is true or false
The marginal revenue curve is ________ the demand curve, and that total revenue reaches a ________ where marginal revenue is zero
a. below; minimum b. below; maximum c. above; minimum d. above maximum