Which of the following would shift the demand curve for new textbooks to the right?
A) A decrease in the price of paper.
B) A fall in the price of used textbooks.
C) An increase in college enrollments.
D) A fall in the price of new textbooks
Answer: C) An increase in college enrollments.
Economics
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If the calculated price elasticity of demand between two points is -4, demand is
A) inelastic. B) elastic. C) unresponsive to price. D) unit-elastic.
Economics
Prior to September 11, 2001, defense spending had ________ in inflation adjusted terms over the past 10 years and was at its ________ by that measure since WWII.
A. risen; highest B. fallen; highest C. fallen; lowest D. risen; lowest
Economics