Which event is most likely to increase the elasticity of demand for a good?
A) A decrease in the demand for the good
B) A decrease in the price of the good
C) An increase in the demand for the good
D) Higher incomes for consumers of the good
E) The appearance on the market of excellent substitutes for the good
E
Economics
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An income tax on labor income decreases the ________ of potential GDP, and a tax on interest income decreases the ________ of potential GDP
A) growth rate; growth rate B) level; level C) growth rate; level D) level; growth rate E) None of the above answers is correct.
Economics
The antitrust legislation that made it illegal for a firm to buy a competitor's patents, plant, and equipment was the
a. Sherman Antitrust Act b. Cellar-Kefauver Act c. Robinson-Patman Act d. Clayton Act e. FTC Act
Economics