Which statement is true?
A. Over time demand tends to become less elastic.
B. The demand for cigarettes is very elastic.
C. Advertisers try to make the demand for their products less elastic.
D. None of these statements are true.
C. Advertisers try to make the demand for their products less elastic.
Economics
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Empirical evidence suggests that economies of scale, advertising and image differentiation, and risk spreading all help account for the large-scale production that exists in many sectors of the economy
Indicate whether the statement is true or false
Economics
A bank has $200 million in assets and $230 million in liabilities. The bank's net worth is _____________ million and the bank is ____________
A) -$215; insolvent B) -$30; insolvent C) $15; solvent D) $30; solvent
Economics