If demand is inelastic, the tax burden falls primarily on the _____ and deadweight loss is _____.

At the highest price, you would expect the demand for goods and services to be the _____.

According to the law of demand, a change in _______ causes a movement along the demand curve.

An increase in income taxes ________ employment and ________ potential gdp.

An increase in productivity will _____.

Jewelry, art, hairstyles and clothing each represent examples of ________.

_____ function is The relationship between the quantity of inputs and outputs produced

Marginal product is The change in total output of a good that results from a ______ change

Change in total costs resulting from a _____ in output is called Marginal cost

A period over which all production inputs are variable is called

The costs of production that do not require a monetary payment is ______