When the price of candy bars is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demanded increases to 600 . Given this information and using the midpoint method, we know that the demand for candy bars is

The government imposes a sales tax on hot dogs. The tax would be paid entirely by hot dog sellers if the

A) supply is perfectly elastic. B) supply is perfectly inelastic. C) demand is perfectly inelastic. D) none of the above.

The Federal Reserve's performance in the mid-to-late 1980s, 1990s, and early 2000s has received high marks from economists, even without inflation targeting

Indicate whether the statement is true or false