If the price of a good falls and expenditure on the good rises, the demand for the good is _______

A. elastic
B. perfectly elastic
C. inelastic
D. unit elastic

A The total revenue test on page 121 shows that demand is elastic.

Economics

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The more equal the income distribution in a society, the smaller the Gini coefficient

Indicate whether the statement is true or false

Economics

The United Steel Workers Union is an example of

A) a craft union. B) an auto union. C) an industrial union. D) a blue collar union.

Economics