A vertical demand curve

A) is impossible.
B) reasonably represents demand for essential goods.
C) has a price elasticity of negative infinity since people will pay an infinite amount for the good.
D) represents a normal good.


B

Economics

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Which of the following is likely to shift the demand curve for carpenters rightward, assuming all else equal?

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Business cycles are officially dated by:

A) National Bureau of Economic Research, NBER. B) Bureau of Economic Analysis, BEA. C) Bureau of Labor Statistics, BLS. D) none of the above.

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Consumer protection legislation includes legislation to

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All other things held constant, premiums on options will increase when the

A) exercise price increases. B) volatility of the underlying asset increases. C) term to maturity decreases. D) futures price increases.

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