ECON 2001.01 Study Guide - Midterm Guide: American Dental Association, Dental Floss, Tooth Enamel

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ECON 2001.01 Full Course Notes
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ECON 2001.01 Full Course Notes
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On your scantron: under name clearly fill out your last name then your first name; then bubble in the correct letters. You have 75 minutes to finish the exam. When you are done with your exam, you must hand in your scantron and this page (please write your name). Indicate the answer choice that best completes the statement or answers the question: which of the following is likely to have the most price elastic demand, salt, milk, diamond earrings, dental floss. At a price of , there is a: shortage of 8 units, surplus of 4 units, shortage of 4 units, surplus of 8 units, it costs a company ,000 to produce 500 graphing calculators. The company"s cost will be ,080 if it produces an additional graphing calculator. For this firm, the price elasticity of supply is: negative one, zero, infinity, one, good x and good y are substitutes.

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