If a perfectly competitive firm raises its price, its sales decrease to zero
a. True
b. False
A
Economics
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The demand for a good is more elastic if the
A) good is a necessity. B) good has few substitutes. C) good is narrowly defined. D) supply of the good is plentiful. E) Both answers B and C are correct.
Economics
Why does a monopsony increase employment when faced with an effective minimum wage law?
What will be an ideal response?
Economics