Suppose Raul has budgeted $100 of his monthly income towards two good: t-shirts and jeans. If the price of a pair of jeans is $20 and last month he spent his $100 on a bundle containing 2 pairs of jeans and 12 t-shirts, which of the following is another point on Raul's budget line?

Suppose the Chicago Bears football team raises ticket prices by 13 percent and as a result the quantity of tickets demanded decreases by 21 percent. This response means that the demand for Bears tickets is

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

Capital deepening occurs only when there is an increase in the physical capital per worker in a society

a. True b. False Indicate whether the statement is true or false