The demand for Ben & Jerry's ice cream will likely be ________ the demand for dessert.

A. less price elastic than
B. more price elastic than
C. equally price elastic as
D. indeterminate from the given information

Answer: B

Economics

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If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then

A) the government could set price equal to marginal cost and subsidize the monopoly. B) the government should not offer a subsidy, since the monopoly can make a profit setting price equal to marginal costs. C) if the government sets price equal to average cost, the monopoly will go out of business. D) the government cannot regulate price.

Economics

(Consider This) The PPACA was intended to expand health care coverage to all Americans. Which of the following was not one of problems with the law in terms of that goal?

A. Firms avoided the employer mandate by cutting worker hours to part-time status. B. Insurance providers are allowed to deny coverage to those with preexisting conditions. C. Many poor workers were ineligible to receive the subsidies necessary to help them fulfill the personal mandate. D. States declined to set up the insurance exchanges specified in the act.

Economics