On the "supply side" of a market, producers indicate to consumers what they are willing to sell, in what quantity and at what price.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Since housing generally represents a large part of most household budget, the elasticity of demand for housing is likely to be large.
Answer the following statement true (T) or false (F)
The current account includes all of the following accounts except
A) net transfers. B) net exports. C) net financial derivatives. D) net factor payments.
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals
A) -1.5. B) -0.67. C) -4. D) -2.5.
In an economy without government or trade, it must be true that:
A. savings equals investment. B. consumption equals savings plus investment. C. consumption plus savings equal investment. D. consumption plus investment equal national savings.