Along a linear demand curve, price elasticity of demand is:
a. constant
b. more elastic to the northwest than to the southeast.
c. less elastic to the northwest than to the southeast.
d. always equal to one.
b
Economics
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Social Security payments are examples of
A) transfer payments. B) nondurable goods. C) durable goods. D) services.
Economics
In case of the textile industries of England in 1811, the invention of new technology that allowed workers to complete tasks in minutes that had previously taken hours, resulted in a(n):
A) increase in the demand for labor in the textile industries. B) increase in the quantity demanded of labor in the textile industries. C) decrease in the demand for labor in the textile industries. D) decrease in the quantity demanded of labor in the textile industries.
Economics