By providing free garbage removal, a community
a. discourages activities that produce detrimental externalities.
b. encourages citizens to recycle items rather than throw them out.
c. leads citizens to throw out more garbage than is socially optimal.
d. None of the above is correct.
c
Economics
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A horizontal demand curve shows that demand for a good is _____
a. perfectly inelastic b. moderately inelastic c. unit-elastic d. moderately elastic e. perfectly elastic
Economics
When a freely functioning market is in disequilibrium:
a. the government must set a price ceiling. b. the government must set a price floor. c. the price and quantities demanded and/or supplied change until equilibrium is established. d. it will continue to remain in disequilibrium. e. it will reach equilibrium at a very high/low price.
Economics