On a linear demand curve, the lower the price

A) the less elastic is demand.
B) the more elastic is demand.
C) the elasticity equals -1.
D) the elasticity equals zero.

A

Economics

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Which of the following is an example of a normative question?

A) What fraction of an income tax cut will be spent on imported goods? B) How will an increase in the inheritance tax affect tax revenues? C) How will an increase in unemployment benefits affect the unemployment rate? D) Should Florida implement a state income tax to reduce its deficit?

Economics

Both demand and supply curves usually have positive slopes

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

Economics