The outcome from a voucher scheme is efficient when the government makes the value of the voucher equal to ________

A) marginal external cost
B) marginal external benefit
C) external cost
D) external benefit

B

Economics

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If Pizza Hut decreases its price for a large pizza by 25% and this leads to a 75% increase in sales, we can conclude that demand is relatively elastic with regard to price over that range

a. True b. False Indicate whether the statement is true or false

Economics