Which of the following is an example of a good with an inelastic supply?
a) beanbags
b) toothbrushes
c) apples
d) hats
Ans: c) apples
Economics
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As real incomes grow, what happens to federal tax revenues as a share of the economy?
Economics
Refer to the figure below. If the current market price were $20: 
A. there would be an excess demand of 35 units. B. the market would be in equilibrium. C. there would be an excess supply of 25 units. D. there would be an excess demand of 25 units.
Economics