Published in 1776, ________ was written by Adam Smith
A) "An Inquiry into the Nature and Causes of the Wealth of Nations"
B) "The Declaration of Economics"
C) "The General Theory of Employment, Interest, and Money"
D) "The Communist Manifesto"
A
Economics
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Along a straight-line demand curve, as the price falls the
A) demand becomes more elastic. B) demand becomes less elastic. C) elasticity of demand is constant. D) demand is always unitary elastic.
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Refer to Scenario 10.2. What is the profit maximizing level of output?
A) 0 B) 90 C) 95 D) 100 E) none of the above
Economics