The cross-price elasticity of demand for coffee and caskets is likely to be

A) less than zero.
B) greater than zero.
C) zero.
D) infinity.

C

Economics

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When "rent controls" result in a shortage of housing, landlords

A) use criteria other than price to allocate housing. B) lower the price to allocate the housing. C) attempt to attract renters. D) None of the above.

Economics

Which of the following is considered per se illegal under the U.S. antitrust law?

a. An agreement to fix prices of commodities. b. An agreement to maintain certain technical standards. c. An agreement to operate only in specific regions. d. An agreement to follow identical production technique.

Economics