Both the ________ do not put a great deal of emphasis on the capital account

Everything else held constant, the greater the number of close substitutes there are for a good, the smaller the price elasticity of demand for that good

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

If the median income in Canada is $50,000 . it means

a. that the poverty level is $50,000 b. that all Canadians earn $50,000 c. Canadians who earn $50,000 or more are classified as rich d. 50 percent of Canadians who do not earn $50,000 earn less than $50,000 and 50 percent of Canadians who do not earn $50,000 earn more than $50,000 e. that the average income in Canada is $50,000