(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 of these goods may be considered rivalrous in consumption and nonexcludable?
A. wilderness areas B. national defense C. broadcast television reception D. fire insurance
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