(Consider This) The supply of higher education in the United States is
What will be an ideal response?
highly price inelastic.
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List all the influences on selling plans, and for each influence, say whether it changes supply
What will be an ideal response?
Which statement is true?
A. Autonomous C can never be greater than induced C. B. Induced consumption can never be zero. C. As disposable income gets larger, induced C gets larger relative to autonomous C. D. None of these statements are true.
My roommate ________. This is an example of an external benefit.
A. smokes cigars in the kitchen whenever I make dinner B. cleans up after his dog and keeps it from eating my ferrets C. sings (badly) in my presence D. plays the drums whenever I am home
Which of these goods may be considered rivalrous in consumption and nonexcludable?
A. wilderness areas B. national defense C. broadcast television reception D. fire insurance