Consumers who clip and redeem discount coupons:
A. exhibit more price elasticity of demand for a given product than consumers who do not clip and redeem coupons.
B. cause total revenue to decrease for firms that issue coupons for their products.
C. exhibit less price elasticity of demand for a given product than consumers who do not clip and redeem coupons.
D. exhibit the same price elasticity of demand for a given product than consumers who do not clip and redeem coupons.
Answer: A
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Which of the following would be the most accurate means for the government to obtain information about the value of irrigation water for farmers to be supplied by the construction of a new dam?
a. Survey the farmers. b. Hire experts to provide an estimate. c. Use the current cost to farmers of withdrawing water from underground sources. d. Conduct an economic study of how an increase in water supply would affect farmer income.
Is there any set of relationships between price elasticity of supply and total revenue similar to the relationships between price elasticity of demand and total revenue?
What will be an ideal response?
The total number of governments in the United States has increased since 1972
a. True b. False
PSD areas
a. were defined recently by an Executive Order issued by President Obama b. are those areas defined as ‘polluting source designated’ c. face more lenient emissions standards than nonattainment regions d. are no longer recognized in U.S. policy e. none of the above