Money serves all of the following functions except:
A) medium of exchange.
B) store of value.
C) unit of account.
D) measure of power.
D
Economics
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An increase in price will result in no change in total revenue if:
A) the percentage change in price is large enough to cause quantity demanded to fall to zero. B) the coefficient of elasticity is equal to zero. C) the percentage change in quantity demanded is equal to the percentage change in price (in absolute values). D) the demand function is perfectly elastic.
Economics
If new legislation allowed patients to sue their health-maintenance organization (HMO), we would expect the supply curve for HMO-provided health care to shift to the left and the price of such coverage to rise
Indicate whether the statement is true or false
Economics