The demand curve for each perfectly competitive firm is
A. Downward-sloping.
B. Vertical.
C. Upward-sloping.
D. Horizontal.
Answer: D
Economics
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Most state governments finance their budgets through ____, and most local governments finance their budgets through ____
a. income taxes; property taxes b. property taxes; sales taxes c. sales taxes; property taxes d. income taxes; sales taxes
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A good with an income elasticity of 0.4 is:
A. a normal good. B. a substitute good. C. a luxury good. D. an inferior good.
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