The phenomenon that describes how transfer programs, which significantly reduce the adversities of poverty, also reduce the opportunity cost of choices that often lead to poverty is known as

Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately

A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.

At a price of $20, Daphne sells 35 hand-painted dog collars per week. When she raised her price to $25, she sold 28 per week. Based on this information, the demand for her dog collars is

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