On a demand curve, demand is more elastic
A. At higher prices.
B. At lower prices.
C. At the middle price.
D. When demand is unitary.
Answer: A
Economics
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Vaccination against a disease helps in preventing the spread of the disease. Which of the following can help in increasing the number of people vaccinated to the socially optimal level?
A) A corrective tax B) An income tax C) A life insurance D) A health tax
Economics
An individual decides to rent an apartment for $7,000 per month. The commuting time from this apartment to his office is 80 hours per month
If the individual's opportunity cost of time is $30 per hour, calculate the direct cost, indirect cost, and total cost per month she would incur if she rents the apartment.
Economics