Along a straight-line demand curve, elasticity:
A. rises as price rises.
B. declines as price rises.
C. is always zero.
D. is equal to slope.
Answer: A
Economics
You might also like to view...
In some cases, specialization allows larger factories to produce goods at a lower average cost than smaller factories
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is NOT a way of internalizing technology spillovers?
a. subsidies b. patent protection c. industrial policy d. taxes
Economics
At which point is society producing some of each type of structure but still producing inefficiently? (See Figure 1.1.)
A. A. B. B. C. C. D. D.
Economics
The money income of households consists of all the following, except
What will be an ideal response?
Economics