The larger the share of a good in a consumer's budget, holding everything else constant, the
A) more unit elastic is a consumer's demand. B) more price inelastic is a consumer's demand.
C) more price elastic is a consumer's demand. D) more vertical is a consumer's demand curve.
C
Economics
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A capital outflow occurs when a
A) domestic resident purchases a domestic asset. B) domestic resident purchases a foreign asset. C) foreign resident purchases a domestic asset. D) foreign resident purchases a foreign asset.
Economics
The chances of successful collusion are greatest when
a. firms are producing a differentiated product. b. there are many firms in the industry. c. there are tiny firms and huge firms together in the same industry. d. demand curves and cost curves are similar among the firms in the industry. e. demand is falling.
Economics