If a 10 percent rise in price leads to a reduction in quantity demanded of more than 10 percent,
a. demand is elastic.
b. demand is inelastic.
c. elasticity of demand is unitary.
d. None of the above is correct.
a
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Which of the following is not a part of the Sarbanes-Oxley Act of 2002?
A) the establishment of a Public Company Accounting Oversight Board (PCAOB) to supervise accounting firms and thus insure that audits are independent and controlled for quality B) increased penalties for white-collar crime and obstruction of official investigations C) requires a CEO and CFO to certify that periodic financial statements and disclosure of the firm are accurate D) requires investment banks to make public their analysts' recommendations
Studies show that business executives are generally more dishonest than the average professional
Indicate whether the statement is true or false
Your savings account balance would be counted in which measure of money?
A. Hard money B. M2 C. M1 D. It would be counted in both M1 and M2
When the economy experiences a permanent supply side shock that shifts the long-run aggregate supply to the right, the short run aggregate supply curve will:
A. begin by shifting left initially, and then be pulled right by the long-run aggregate supply over time. B. gradually shift right until it reaches long-run aggregate supply and the new long-run equilibrium. C. instantly shift left with the long-run aggregate supply to the new long-run equilibrium. D. None of these is true.