A more elastic demand for a good would generally result from
a. an increase in the supply of that good
b. an increase in the number of substitutes for that good
c. a decrease in the number of substitutes for that good
d. smaller consumer incomes
e. a reduction in the number of consumers
B
Economics
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Economists refer to the ideal combination of the price a firm should charge and the quantity a firm should produce as
A) profit maximization. B) maximized production. C) perfect competition. D) optimus prime.
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Damage from which of the following is NOT covered in a basic homeowner's policy?
A) Fire and lightning B) Explosion C) Windstorm and hail D) Flood
Economics