A demand relationship in which a given percentage change in price will result in a less than proportionate percentage change in quantity demanded is
A) elastic.
B) unit-elastic.
C) inelastic.
D) consistent with zero elasticity.
Answer: C
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International data on the history of real GDP growth rates shows that over the last 120 years or so, rich countries got richer and poor countries got poorer
a. True b. False Indicate whether the statement is true or false
If banks were required to keep 100% of deposits in reserves, they could
A) make more loans. B) make no loans. C) create more deposits. D) only use required reserves for loans.
A legislated tax on polluters based on the units of pollutant emitted
What will be an ideal response?
Liquidity
A) is the best available measure of the riskiness of an asset. B) is a characteristic of money, and of no other asset. C) is the ease with which an asset can be exchanged for money. D) was declining for many financial assets during the 1990s.