Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?
A) Q = a - b log(P) + c log(I)
B) Q = a - bP + cI
C) log(Q) = a - b log(P) + c log(I)
D) log(Q) = bP + cI
C
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Which of the following shifts the aggregate supply curve to the left?
a. An improvement in computer technology b. A war that forces people to ration their food and their use of energy c. An increase in real wage rates d. Discovery of a new oil field e. Lower oil prices in the world market
Bonds issued by state and local governments are called _____ bonds. Bonds issued by financially shaky corporations are called _____ bonds. Of these two, which type of bond usually pays a relatively higher interest rate?
Fill in the blank(s) with correct word
Pollutants are not harmful if they are degradable in water
Indicate whether the statement is true or false
According to the graph shown, if the market is in equilibrium, producer surplus is:
A. $30.
B. $20.
C. $50.
D. $60.