Suppose the San Francisco 49ers lower ticket prices by 15 percent and as a result the quantity of tickets demanded increases by 10 percent. This set of results shows that San Francisco 49ers tickets have

A) an inelastic demand.
B) an elastic demand.
C) a unit elastic demand.
D) an inelastic supply.
E) an elastic supply.

Economics

The demand curve slopes

A. upward to the right. B. upward to the left. C. downward to the right. D. downward to the left.

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Economics

Y = C + S even when the economy is not in equilibrium.

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

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Economics