Which of the following groups has the highest percentage below the poverty threshold?
a. householder with no high school diploma
b. family with seven or more people
c. black
d. white
e. single mothers
E
Economics
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Explain the total revenue test
What will be an ideal response?
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If the price of a good doubles and quantity supplied triples, then
a. demand is elastic b. demand is inelastic c. supply is inelastic d. supply is elastic e. there is insufficient information to reach any conclusion about the price elasticity of supply
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