The imposition of a binding price ceiling on a market often results in:
a. an increase in investment in the industry

In a consumer-oriented economy, the decision to save in order to promote economic growth: a. means a sacrifice of current consumption in order to enhance future consumption. b. must be enforced by high levels of taxation

c. cannot be expected to benefit future generations. d. none of the above.

If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is evidence that demand is:

a. price elastic. b. perfectly inelastic. c. unit elastic with respect to price. d. price inelastic.