The entry of new firms into a monopolistically competitive market makes the demand curves for the existing firms more elastic

Using the DD model, explain what happens to out put when Government demands increase. Use a figure to explain when it is taking place

What will be an ideal response?

Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that

A) people without health insurance will be less likely to be overweight than people with health insurance. B) people without health insurance will be more likely to be overweight than people with health insurance. C) people without health insurance will be equally likely to be overweight as people with health insurance. D) there is no correlation between not having health insurance and being overweight.