Reductions in transportation costs help explain the increase in U.S. trade flows
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Government can intervene in the market through
a. Price floors b. Price ceilings c. Taxes d. All the above
Economics
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
a. the price elasticity of demand for film. b. the price elasticity of demand for cameras. c. the price elasticity of supply for film. d. the price elasticity of supply for cameras. e. nothing, because the two goods fall into the broadly defined category of photographic equipment.
Economics