If the absolute value of the price elasticity of demand for DVD movies is 0.8 then the elasticity of demand of the DVD for the movie The Hangover should be
A) less then 0.8 in absolute value.
B) equal to zero because the DVD of this movie has been out for several years.
C) equal to 1 in absolute value.
D) greater than 0.8 in absolute value.
D
Economics
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In 2014, which type of tax raised the most revenue for the U.S. federal government? Which type of tax raised the most revenue for state and local governments?
What will be an ideal response?
Economics
Part of the increase in currency holdings in the 1960s and 1970s can be attributed to
A) increases in income tax rates. B) the switch from progressive to proportional income taxes. C) the adoption of regressive taxes. D) bracket creep due to inflation and progressive income taxes.
Economics