Consider a good whose own price elasticity of demand is -0.5 and price elasticity of supply is 1.5. The fraction of a specific tax that will be passed through to consumers is ________

If the price of a company's stock is expected to fall in the future, then people holding such shares will have an incentive to get rid of them

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

It has been observed that people surveyed shortly after major air crashes estimate higher probabilities that a given flight will crash than people surveyed during intervals without any. The error in reasoning observed in this experiment results from:

a. availability heuristics. b. representative heuristics. c. population heuristics. d. selection bias.