The price elasticity of demand between rifles and bullets is likely to be
a. negative, because the goods are complements
b. positive, because the goods are complements
c. negative, because the goods are substitutes
d. positive, because the goods are substitutes
e. 0, because the goods are not substitutes
A
Economics
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Dennis notices that jackets are on sale for $99. In this case money is functioning as a
A) medium of exchange. B) unit of account. C) store of value. D) payments-system ruler.
Economics
Market economies are distinguished from other types of economies largely on the basis of
a. the political affiliations of government officials. b. the process by which government officials are elected or appointed. c. the ways in which scarce resources are allocated. d. the number of retail outlets available to consumers.
Economics