Brands that have developed loyal customers have a higher price elasticity of demand.

a. True

b. False

Causation occurs when: two variables tend to move in the same direction. change in one variable does not cause any change in another variable. two variables tend to move in opposite directions.

During an economic recession, A. the bond demand and supply curves both shift to the left and the equilibrium interest rate usually falls. B.

Which of the following is true if the volume of sales increases (within a relevant range) ? total variable cost increases total fixed cost increases total fixed cost decreases total variable cost decreases

Carol Stokke receives her April 6 bank statement showing a balance of $1,177.35 her checkbook balance is $955.55. The bank statement shows an ATM charge of $32.40, NSF fee of $28.20, earned interest of $3.15, and Carol's $770.

Roshan is a freshman at florida state university where his tuition is $4,000. shante, his older sister, is a graduate student at expensive university, where tuition is $25,000. what is the maximum tax credit roshan and shante's parents can take

Advertising, fashion trends, and new product introductions serve to a. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.

The economy of Atlantia is defined by the private ownership of the means of production. Although products produced and prices are based on market factors, the government intervenes as a regulator to ban harmful products and to set a minimum wage.

1. Economic profit is:A) less than accounting profit if implicit costs exist. B) always equal to accounting profit. C) greater than accounting profit if implicit costs exist. D) less than accounting profit if implicit costs are zero.

Consumer surplus: A. is the difference between the current market price and the cost of production for the firm. B. is the difference between the maximum amount a person is willing to pay for a good and its current market price. C.

Builtrite Furniture just paid an annual dividend of $2.50 last week and investors' believe that dividends will continue to grow at a 8% rate into the future. The current price of Builtrite's common stock is $76.