When we calculate the price elasticity of demand, we use percentages of the average price and the average quantity in order to get the same value for the elasticity regardless of whether the price falls or rises
Indicate whether the statement is true or false
TRUE
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The ways in which monetary policy affect output and prices are known as:
A) channels B) stations C) vehicles D) means
If the supply of loanable funds shifts right, then
a. the real interest rate and the equilibrium quantity of loanable funds both fall. b. the real interest rate falls and the equilibrium quantity of loanable funds rises. c. the real interest rate and the equilibrium quantity of loanable funds both rise. d. the real interest rate rises and the equilibrium quantity of loanable funds falls.
Which of the following is a public good?
A. Electricity B. Telephones C. National defense D. All of the statements associated with this question are public goods.
What is the percentage of income received by the lower three quintiles on line J?
