Exhibit 5-6 Demand curve for concert tickets
?

In Exhibit 5-6, the demand curve for concert tickets shown above between the prices of $20 and $30 is 

A. inelastic.
B. elastic.
C. unitary elastic.
D. cross elastic.

Answer: B

Economics

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A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.

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Media reports often suggest that the increasing public debt is a burden on future generations. What they mean is that

A. it reduces the current level of investment. B. it reduces both nominal and real interest rates. C. it makes predicting future unemployment levels unpredictable. D. it causes deflation.

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