An increase in the population of an economy will result in decreased output
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which of the following is more likely be the price elasticity of demand for anti-venom?
a. highly inelastic b. unit elastic c. elastic d. perfectly elastic
Economics
An increase in the excise tax on cigarettes raises the price of cigarettes by shifting the:
A. demand curve for cigarettes rightward. B. demand curve for cigarettes leftward. C. supply curve for cigarettes rightward. D. supply curve for cigarettes leftward.
Economics