The statement "An increase in the price of gasoline will lead to a decrease in the amount purchased" is
A) a political statement.
B) a positive statement.
C) a normative statement.
D) a scientific statement.
B
Economics
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The shampoo industry is constantly coming out with new products. The reason is that when a firm introduces a new shampoo into the market, the demand for the shampoo becomes ________ temporarily and economic profit ________
A) more elastic; decreases B) less elastic; increases C) more elastic; increases D) less elastic; decreases E) unit elastic; increases
Economics
William Julius Wilson ascribes "underclass" behavior to a distinct culture of poverty
Indicate whether the statement is true or false
Economics