Productivity growth tends to affect all industries to the same degree.
Answer the following statement true (T) or false (F)
False
Economics
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Which of the following markets has a single firm?
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
Economics
Assume that, over time, engineers develop new residential furnaces that can run on different types of fuels, e.g., natural gas, electricity, propane, and fuel oil, simply by flipping a switch on the furnace
How would this technological change affect the price elasticity of demand for natural gas? Why?
Economics