Which of the following events would increase the price elasticity of demand for Chicago Bears tickets that sell at a price of $20?
a. b and c.
b. The Bears are having a successful season.
c. The visiting team is having a successful season.
d. The Bears have been defeated in their previous seven games.
e. The weather on game day will be warm.
d
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The elasticity of demand for Dell computers is probably
A) inelastic and smaller than the elasticity of demand for computers overall. B) elastic and smaller than the elasticity of demand for computers overall. C) inelastic but larger than the elasticity of demand for computers overall. D) elastic and larger than the elasticity of demand for computers overall.
The policy ineffectiveness proposition (PIP) argument states that under certain circumstances, neither expansionary demand-side fiscal policy nor expansionary monetary policy is effective at achieving macroeconomic goals
Indicate whether the statement is true or false