Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview
b. leaving a big tip for the waiter after a dinner date
c. offering an expensive engagement ring to your bride
d. Doing messy chores before a big date
c
Economics
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If the price of gloves increases, total expenditures on gloves will decline if
a. the demand for gloves is inelastic. b. the demand for gloves is elastic. c. the quantity of gloves purchased is unresponsive to changes in price. d. there are few good substitutes for gloves.
Economics
A price ceiling is always a binding price control, whereas a price floor may be either binding or not binding
a. True b. False Indicate whether the statement is true or false
Economics