Gold toe socks have more substitutes than power tools

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Gold Toe socks have more substitutes than power tools in general.Gold Toe socks are more expensive than power tools in general.For which of the following products is demand likely to be the most elastic?All gym shoesAll shoesConverse All Star sneakersAll clothing items
If nicotine in cigarettes is highly addictive, why would it make economic sense for producers of cigarettes to offer free samples of their products to young adults?
The free samples will make supply less elastic so people know there will be cigarettes.The passage of time increases the elasticity of demand for many goods because:
If a state decided to place a tax on home heating oil, over time:
Identify the item most likely to be a luxury good among the four mystery items:Item A: price elasticity of demand = -2.3Item B: price elasticity of demand = -1.0Item C: price elasticity of demand = -0.8Item D: price elasticity of demand = -0.2
The market supply curve is:
Market FailuresIf the producer of paper does not directly pay to dispose of the waste in the water, the price of paper will bebelowthe socially efficient price and the amount of paper produced will be
Amanda keeps bees to produce honey.Each hive produces $300 worth of honey each month.The table below shows Amanda’s marginal cost of tending each bee hive and her private marginal benefit, which is equal to the market value of the honey each hive produces.Which of the following goods is nonrival?
Which of the following goods is nonexcludable?A pizza at a pizza parlorA visit to the doctor at her officeA soccer match in a stadiumA tuna in the ocean
Which of the following goods is bothnonrival and nonexcludable?

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