A measure of sensitivity or responsiveness to changes in price or income is called
a. elasticity
b. technology
c. supply and demand
d. social pressure
e. kickback
A
Economics
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An example of human capital would be:
A. your writing skills. B. your desk. C. your computer. D. None of these is an example of human capital.
Economics
If the market price of a good is $150 and the supply price of the good is $70, what is the producer surplus if any?
A. $150 B. $70 C. $220 D. $80 E. $0
Economics