If tolls on a toll road can be raised significantly before commuters will consider using a free alternative, demand for using the toll road must be

A. inelastic.
B. perfectly elastic.
C. elastic.
D. unit elastic.

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Why do police officers get paid less than professional baseball players?