AnswersTX-Economics Chamberlain P4 T1Elasticity and Incentives

Elasticity and Incentives Answers

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1
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✔ a shortage a surplus an increase

A
a shortage
B
a surplus
C
an increase
2
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✔ are not allowed to would make less profitwant fewer tenants

A
are not allowed to
B
would make less profit
C
want fewer tenants
3

more than before less than before✔ about the same amount

A
more than before
B
less than before
C
about the same amount
4

If the price of a want goes up, people tend to buy .

A
more than before
B
less than before
C
about the same amount

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