As the price of a good increases, the loss in consumer surplus is larger,
A) the more elastic demand is.
B) the more money previously spent on the good.
C) the less money previously spent on the good.
D) the smaller the price increase.
B
Economics
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A) a point of positive profits. B) a no return price. C) the short-run shutdown point. D) the short-run break-even point.
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Real wages usually lag behind the increases in labor productivity
a. True b. False Indicate whether the statement is true or false
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