If there is no change in demand that will cause a change in the price, then the supply for the good is
A. inelastic.
B. perfectly elastic.
C. perfectly inelastic.
D. perfectly unit elastic.
Answer: B
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Losses in which holding resulted in BNP Paribas not allowing investors to redeem shares from three of its investment funds?
A) mortgage-backed securities B) Lehman Brothers C) Bear Stearns D) Real Estate Investment Trusts
The face value of a ticket to the Super Bowl was approximately $1,200 in 2011 . The game is very popular and there are a number of fans who are not able to get tickets to this game. At the same time, many fans claim that prices are too high and that the
NFL should lower the face value of the ticket prices. Would a decrease in ticket prices move the market towards equilibrium? Would it eliminate the shortage of tickets? Why or why not?
Jose earns $160,000 per year and Jackie earns $80,000 per year. They both pay the same price to buy an identical SUV and each pays $1,500 in sales tax. In relation to their relative incomes, this is an example of a
A. regressive tax. B. proportional tax. C. progressive tax. D. marginal tax.
You receive a 3 percent raise in your salary. The inflation rate is 4 percent. The purchasing power of your salary has
A. decreased by 11 percent. B. increased by 1 percent. C. increased by 11 percent. D. decreased by 1 percent.