The commercial value of ivory is a threat to the elephant, but the commercial value of beef is a guardian of the cow. This is because
a. the cow is raised in developed countries, while the elephant lives primarily in less-developed countries.
b. cows are private goods, while elephants tend to roam freely without owners.
c. cows and elephants are public goods, but ivory is nonrival.
d. ivory is nonrival and nonexclusive, but beef is rival and exclusive.
b
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An increase in money demand would create a surplus of money at the original value of money
a. True b. False Indicate whether the statement is true or false
The most profitable price for a monopolist is
A) the highest price a consumer is willing to pay for the monopolist's product. B) the price at which demand is unit elastic. C) a price that maximizes the quantity sold. D) found where the profit-maximizing quantity hits the demand curve.