The demand curve facing a monopolist will be more elastic
A) the greater is the number of substitute products.
B) as the consumers' need for the good increases.
C) the greater is the amount of fixed costs to cover.
D) as the number of consumers increases.
Answer: A
Economics
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One explanation given in the video for the fluctuations of an economy's real growth rate around its potential growth rate is:
A. that there are often shocks to the planned level of spending. B. that there are often shocks to the money supply. C. that the potential growth is inaccurately calculated. D. that there are often shocks to the key growth factors
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How is the incidence of a sales tax between the buyer and the seller determined?
What will be an ideal response?
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