A movie theatre raises ticket prices from $8 to $10 in order to raise revenues. The theatre's management is assuming the absolute value of the price elasticity of demand for tickets is
A) less than 1.
B) greater than 1.
C) equal to 1.
D) infinity.
A
Economics
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Which of the following is likely to lead to a left shift in the demand curve for labor in the printing ink manufacturing industry?
A) A decrease in the price of printers B) An increase in the demand for printers C) An increase in the price of printing ink D) A decrease in the demand for printing paper
Economics
What was the Federal Trade Commission (FTC), established in 1914, created to enforce?
(a) U.S. foreign trade (b) The maritime code (c) The Interstate Commerce Act (d) The antitrust laws
Economics