In the figure above, if income were distributed equally across all households, the richest 20 percent of households would receive ________ of total income
A) 45 percent
B) 25 percent
C) 20 percent
D) 15 percent
C
Economics
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Which of the following pairs are not considered to be complementary goods?
A. Steel and cars B. Digital cameras and memory cards C. Gasoline and motor oil D. Fertilizer and irrigation systems
Economics
Refer to the graph shown. The segment of the demand curve between the initial equilibrium price of $5.00 and the new equilibrium price of $3.00 is:
A. elastic. B. perfectly inelastic. C. inelastic. D. perfectly elastic.
Economics