Is there a surplus or a shortage when the price is 10$? How big is that surplus or shortage? How great is the surplus or shortage when the price is 2$?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided