Suppose Good Food's supermarket raises the price of its steak and finds its total revenue from steak sales does not change. This is evidence that price elasticity of demand for steak is:

a. perfectly elastic.
b. perfectly inelastic.
c. unitary elastic.
d. inelastic.
e. elastic.

c

Economics

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What will be an ideal response?

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Human capital can be increased by more

a. robots aiding workers b. machinery produced with combinations of labor and capital c. workers' education and experience d. factories built to accommodate workers e. oil discovered that can be used to power the capital that workers use

Economics