As DVDs become popular substitutes for video cassettes, demand for video cassettes is likely to
a. become less price elastic
b. become more price elastic
c. increase
d. stay the same
e. become unit elastic
B
Economics
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The first antitrust law passed was the ________
A) Federal Trade Commission Act B) Sherman Act C) Clayton Act D) Robinson-Patman Amendment
Economics
In the efficiency wage model, an increase in productivity would
A) increase output but decrease the real wage. B) decrease the real wage but have no effect on output. C) increase output but have no effect on the real wage. D) have no effect on either output or the real wage.
Economics