Wayne purchased 10 autographed Eli Manning football cards when he was 15 years old for a total cost of $50 and then sold those football cards 4 years later for $800. Due to these transactions
A. Wayne earned a dividend of $800.
B. Wayne earned a dividend of $750.
C. Wayne earned a capital gain of $750.
D. Wayne earned a capital gain of $800.
Answer: C
Economics
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Economics
For Product X, the income elasticity of demand is -2.56. Which of the following is therefore TRUE?
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Economics