Refer to the table above. Which of the following statements is true?
A) There is a surplus of 10 notebooks in the market when the price of one notebook is $8.
B) There is a shortage of 4 notebooks in the market when the price of one notebook is $6.
C) There is a shortage of 12 notebooks in the market when the price of one notebook is $4.
D) There is a surplus of 4 notebooks in the market when the price of one notebook is $5.
D
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Why isn't slope as useful as elasticity to measure the responsiveness of one variable to another?
What will be an ideal response?
Fundamentally, economics deals with
a. scarcity. b. money. c. poverty. d. banking.
The larger the slope of the AE curve, the
a) larger the value of the multiplier b) smaller the value of the multiplier c) less likely that the multiplier will be affected d) more likely the multiplier will be inconsequential
Suppose you place your savings in a time deposit at the bank, and that bank lends some of those funds to a business that desires a loan. This is an example of
A. direct finance. B. credit rationing. C. adverse selection. D. indirect finance.