When the consumer spends a small portion of his income on a good, demand will be

A) elastic.
B) unit-elastic.
C) inelastic.
D) elastic, unit-elastic or inelastic depending upon supply.


Answer: C

Economics

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a. True b. False Indicate whether the statement is true or false

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Which of the following is an example of a financial market?

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The higher the interest rate, the more a future payment is discounted and the lower its present value

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