Why would economists disagree over positive analysis?
Economists might disagree over positive analysis for at least two reasons. One, a particular model may yield mixed results. Two, the information available may be insufficient to make a compelling theory.
Economics
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In an oligopsony market:
A) there are many buyers and sellers. B) there are many buyers and a single seller. C) there is a single buyer and many sellers. D) there are a few buyers and many sellers. E) there are a few buyers and a few sellers.
Economics
Given a price elasticity of demand of -0.8, a decrease in price will
A) reduce total revenue. B) increase total revenue. C) leave total revenue unchanged. D) decrease quantity.
Economics