Depicts a demand curve with a price elasticity that is
a. perfectly elastic, implying that consumers will purchase as much as can be supplied at the market price.
b. relatively inelastic, implying that a percent increase in price results in a smaller percent reduction in sales.
c. unitary, implying that a percent change in price leads to an equal percent change in quantity demanded.
d. perfectly inelastic, implying that the same amount will be purchased regardless of the price of the good.
a
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If a firm sells to two distinct identifiable markets and resale is impossible, why is price discrimination more profitable than setting a single price?
What will be an ideal response?
The M2 money supply
a. includes large denomination time deposits which are part of M1 b. excludes checking accounts which are part of M1 c. does not include money market mutual accounts because they are part of M1 d. includes demand deposits and small denomination time deposits because each ispart of M 1and M2, respectively e. includes large denomination repurchase agreements which are part of M1
Compared to the situation existing when the Kyoto Protocols were created,
A. India actually produces less greenhouse gasses (GHG). B. the U.S. Senate finally approved the treaty under pressure from President Bush. C. China produces two and one-half times more greenhouse gasses (GHG). D. the U.S. is producing less greenhouse gasses (GHG) than it had promised.
An arrangement that allows buyers and sellers to exchange things is called:
A. a contract. B. a market. C. money. D. efficient.