If your income goes up by 2% and, in response, the quantity demanded of good x rises by 3%, good x can be considered

Economists played a key role in the development of merger guidelines by the Department of Justice and the Federal Trade Commission in 1982. These guidelines have three main parts. What are these parts?

A) market definition; measure of concentration; merger standards B) economic analysis; political analysis; dynamic analysis C) concentration ratios; the Herfindahl-Hirschman Index; market standards D) concentration standards; concentration ratios; competitive analysis

One of the most significant developments in labor supply in recent times is the increase in the labor force participation of married women

a. True b. False Indicate whether the statement is true or false