In case of a linear negatively sloped demand curve, the price elasticity of demand:
A) is zero between any two points on the curve.
B) is the same between any two points on the curve.
C) is different at different points on the curve.
D) is equal to the slope between different points on the demand curve.
C
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Which definition(s) of the money supply include(s) only items that are directly and immediately usable as a medium of exchange?
A. neither M1 nor M2 B. M1 C. M1 and M2 D. M2
In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) providing funds to banks in exchange for stock. B) permitting banks to sell commercial bonds to the Federal Reserve Bank. C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements. D) allowing domestic banks to be taken over by foreign banks.
The equilibrium wage rate in an industry is found by
A) the intersection of the market demand curve for labor and the marginal revenue product curve of labor. B) the intersection of the firm's demand curve for labor and the firm's supply curve of labor. C) the intersection of the market demand curve for labor and the market supply curve of labor. D) negotiations between the union leadership and the managers of the firms.
The study of how firms interact in a market is a
a. waste of time b. normative subject c. microeconomic topic d. topic in political science e. macroeconomic topic