As populations age, public spending tends to increase

Indicate whether the statement is true or false

TRUE

Economics

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When the price of a pound of oranges is $1.00, 7500 pounds of oranges are demanded. When the price of a pound of oranges decreases to $0.80, 10,000 pounds of oranges are demanded. In this price range the demand for oranges is

A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic.

Economics

All decisions involve opportunity cost.

Answer the following statement true (T) or false (F)

Economics