Higher price elasticity of demand means that a consumer's demand is:
A) more responsive to price changes.
B) less responsive to price changes.
C) less responsive to income changes.
D) more responsive to income changes.
A
Economics
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While moving along a production possibilities frontier, the amount of labor ________, the amount of capital ________, and the level of technology ________
A) varies; varies; varies B) varies; is fixed; is fixed C) is fixed; is fixed; is fixed D) is fixed; is fixed; varies E) varies; is fixed; varies
Economics
Capture theory is
A) an economic theory of regulation. B) a model about perfect competition. C) the same as the public interest theory. D) the theory that regulators capture firms' attention by dictating a very low price. E) a theory that explains behavior of competitive firms.
Economics