Which of the following types of goods tend toward elastic demand?
a. luxuries
b. durable goods
c. goods with multiple uses
d. All of these.
d. All of these.
Economics
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What are the economic functions of depository institutions?
What will be an ideal response?
Economics
The longer the time horizon of a project, the more important choosing the right discount rate is
a. True b. False
Economics
If U.S. consumption falls short of U.S. production, the U.S. imports the difference
a. True b. False
Economics
Which statement is an example of complementary goods affecting demand?
a. When diets that limited bread became popular, sales of jelly dropped. b. When studies showed that fish contained toxins, sales of chicken rose. c. As the U.S. Hispanic population grew, sales of salsa increased. d. After a fashion model shared her diet secrets, yogurt sales went up.
Economics