When demand is unit elastic, a 10 percent change in the price of the good
A) will cause a change in quantity demanded of less than 10 percent.
B) will cause a change in quantity demanded equal to 10 percent.
C) will cause a change in quantity demanded greater than 10 percent.
D) will not cause any change in quantity demanded.
B
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________ natural resources are natural resources that can be used repeatedly, and ________ natural resources are natural resources that can be used only once
A) Nonrenewable; renewable B) Renewable; hydrocarbon C) Renewable; nonrenewable D) Non-fossil; fossil
In which of the following countries are substantial co-payments typically required as a part of the health care system?
A) Canada and the United States B) the United States and the United Kingdom C) the United States and Japan D) Japan and Canada.
Which of the following would be the most difficult consumer characteristic for firms to use in price discrimination?
a. gender b. age c. height d. educational attainment e. weight
During the 2007-2009 financial crisis, the U.S. government decided that Lehman Brothers was not too big to fail and that AIG was too big to fail
a. True b. False Indicate whether the statement is true or false