The demand curve in the figure above illustrates the demand for a product with a price elasticity of demand
A) equal to zero at all prices.
B) equal to infinite at all prices.
C) equal to one at all prices.
D) that is different at all prices.
D
Economics
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Which of the following will NOT work to increase the rate of economic growth?
A) increase saving B) limit competition from international trade C) improve the quality of education D) All of the above will work to increase the rate of economic growth.
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As perfectly competitive firms leave a market because they are incurring an economic loss, the price of the good ________ and the economic loss of each remaining firm ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
Economics