Economic theory assumes people's actions generally follow
A) from comparisons of expected costs and benefits.
B) no predictable pattern.
C) considerations of material self-interest.
D) the Golden Rule.
A
Economics
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Refer to the accompanying figure. When the price is equal to 8, the price elasticity of demand for the demand curve D1 is ________ and for D2 the price elasticity of demand is ________.
A. 4; 4 B. 4; 1 C. 1; 4 D. 2; 4
Economics
An increase in which of the following would cause the aggregate demand curve to shift to the left?
A. Income Taxes B. Estate and Gift Taxes C. Employment Taxes
Economics