The relationship between income and consumption illustrated in the figure above is
A) positive and linear.
B) positive and nonlinear.
C) negative and linear.
D) negative and nonlinear.
A
Economics
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If the college athletic department raises the price of football tickets from $6 to $8 and sells more tickets at $8 than it had sold the year before at $6, we could reasonably conclude the demand for football tickets
A) was completely inelastic. B) had increased. C) was elastic. D) was inelastic. E) was unit elastic.
Economics
Given an equal amount of users, if the firm can only set one price, how should the firm price the no-name brand wok?
a. Price low and sell to both the users b. Price high and sell only to the professional chefs c. Price low and sell only to the home users d. All of the above
Economics