The demand for a good is more price inelastic if
A) its price is higher.
B) the percentage of income spent on it is larger.
C) it is a luxury good.
D) it has no close substitutes.
D
Economics
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Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?
A) $3.50 B) $2.50 C) $3 D) $4
Economics
Results of the ultimatum game indicate that most people value fairness enough that they will refuse to participate in a transaction they consider unfair, even if they are worse off financially as a result
Indicate whether the statement is true or false
Economics