One reason why McDonald's charges a single price for its products is that it is difficult and costly for the company to determine each individual consumer's willingness to pay
Indicate whether the statement is true or false
TRUE
Economics
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When a supply curve is relatively flat,
a. sellers are not very responsive to changes in price. b. supply is relatively inelastic. c. supply is relatively elastic. d. Both a and b are correct.
Economics
In the recession that started in 2008, the savings rate:
A. became negative. B. decreased. C. increased. D. stayed the same.
Economics