When buying a car from a commission salesman you improve your bargaining position by
a. shopping when the new model year cars have just arrived
b. shopping when the showroom is full of customers
c. shopping when the car lot has very few cars left unsold
d. shopping toward the end of the month
d
Economics
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The U.S. distribution system is
A. identical to that of the former Soviet Union. B. based on a pure socialist economy. C. determined by a modified version of one dollar, one vote. D. similar to the fascist 1930's Germany.
Economics
Assume the income elasticity of a good has been calculated to be +0.83. Based on this information, we can infer that the good is:
A) a normal good and a luxury. B) an inferior good and a necessity. C) a normal good and a necessity. D) an inferior good and a luxury.
Economics