The price of burgers increase by 22% and the quantity of burgers demanded falls by 25% This indicates that demand for burgers is ?
A. elastic
B. perfectly elastic
C. unitarily elastic
D. inelastic.
A. elastic
B. perfectly elastic
C. unitarily elastic
D. inelastic.
A. total fixed cost only.
B. total variable costs only.
C. both total variable costs and total costs.
D. total costs only
A. Pay rates within the private sector
B. pay rates in the public sector
C. investment in education
D. Benefits available for the unemployed and sick
A. a good produced by a natural monopoly
B. a private good
C. a public good
D. a common resource
A. Are more productive than their large trading partners
B. Are less productive than their large trading partners
C. Have demand preferences and income levels lower than their large trading partners
D. Realize terms of trade lying near the MRTs of their large trading partners
A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these
A. A person
B. Type of attitude
C. Mid of the way
D. population