Consider the demand curve of the form Q = a - bP. If a is a positive real number, and b = 0, then demand is
A) completely inelastic.
B) inelastic, but not completely.
C) unit elastic.
D) elastic, but not infinitely.
A
Economics
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The above figure illustrates that if this country wishes to move from its current production point (labeled "Current") and have 10 more tons of food, it can do this by producing
A) 10 more tons of clothing. B) 10 fewer tons of clothing. C) 5 more tons of clothing. D) 5 fewer tons of clothing.
Economics
To be effective, OSHA rules must be exact , because flexibility will be used by employers to violate the beneficial effect of the rule
Indicate whether the statement is true or false
Economics