Which of the following statements is true about a downward-sloping demand curve that is a straight line? The slope and
1. Which of the following statements is true about a downward-sloping demand curve that is a straight line?
The slope and the elasticity are the same at all points.
The slope remains the same, but elasticity rises as you move down the demand curve.
The slope remains the same, but elasticity falls as you move down the demand curve.
The slope and the elasticity fall as you move down the demand curve
2. The best example of positive externality is:
roller coaster rides.
pollution.
alcoholic beverages.
education.
3. Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that:
despite the increase in price, quantity demanded rose due to some other factors changing.
the demand for a college education is positively sloped.
the law of demand is invalid.
this situation has nothing to do with the law of demand.
4. Suppose foreign shrimp prices drop by 32 percent and importers gain a 90 percent market share. From this information, what would economists strongly suspect about this industry?
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
