American consumers decide to boycott soccer balls made by Nike in support of a ban on child labor. Everything else being equal, the:
a. price of Nike soccer balls will rise
b. supply of Nike soccer balls will fall.
c. quantity of Nike soccer balls supplied will fall.
d. demand curve for Nike soccer balls shifts to the right.
c
Economics
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If the coefficient of elasticity is 25,
A) demand is 25%. B) demand is about to change for the better. C) demand is very elastic. D) demand is very inelastic. E) the law of demand hardly applies.
Economics
A perfectly competitive firm's total revenue curve
a. is a horizontal line b. is a vertical line c. is constant d. has a negative slope e. has a constant positive slope
Economics