The demand for most agricultural products tend to be price inelastic
a. True
b. False
B
Economics
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List three different types of financial markets and discuss the type of financial instruments traded in the markets
What will be an ideal response?
Economics
The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?
A) 150 units B) 100 units C) 50 units D) 5 units
Economics
Which of the following conditions must hold if a consumer is maximizing her utility?
A. MUX × PX = MUY × PY B. MUX = MUY C. MUX/PY = MUY/PX D. MUX/PX = MUY/PY
Economics
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Economics