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Author Question: Which of the following statements about the price elasticity of demand is correct? A) The ... (Read 112 times)

a0266361136

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Which of the following statements about the price elasticity of demand is correct?
 
  A) The elasticity of demand for a good in general is equal to the elasticity of demand for a specific brand of the good.
  B) Demand is more elastic in the long run than it is in the short run.
  C) The absolute value of the elasticity of demand ranges from zero to one.
  D) Demand is more elastic the smaller the percentage of the consumer's budget the item takes up.

Question 2

In the United States, corporate profits are taxed
 
  A) at both the corporate level and when investors receive dividends.
  B) only when investors receive dividends.
  C) only at the corporate level.
  D) neither at the corporate level nor when investors receive dividends.


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a0266361136

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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