A decrease in price will cause a firm's total revenue to decrease if demand is price inelastic
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Why is a tax inefficient?
What will be an ideal response?
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How is an indifference map like a topographic map?
Please provide the best answer for the statement.
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A strategy that identifies the causal effects of a policy or factor by looking at two samples that lie on either side of a threshold or cutoff is called intention to treat.
Answer the following statement true (T) or false (F)
Economics
Economists see a useful service being performed by ticket scalpers, in that they
A. adjust a price that a promoter has set too high. B. lower the price to all consumers. C. raise the price so promoters get more money. D. adjust a price that a promoter has set too low.
Economics