For a demand schedule, which of the following is held constant?
A. quantity demanded
B. relative prices
C. nominal prices
D. quality of the good
Answer: D
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When is demand perfectly elastic? When is demand perfectly inelastic? What are the values of the price elasticity of demand when demand is perfectly elastic or perfectly inelastic? What do perfectly elastic and perfectly inelastic demand curves look
like?
The coupon rate is the
A) annual coupon payment divided by the face value of the bond. B) annual coupon payment divided by the market value of the bond. C) difference between the face value of the bond and its par value. D) coupon paid every 6 months divided by par value.
Which is NOT one of the potential benefits of labor unions?
A) Unionism raises social efficiency. B) Unions appear to reduce wage inequality. C) Unions may reduce a company's profits. D) Unions may have contributed to safer working conditions.
If the natural monopoly shown in the figure above is unregulated, it will sell
A) 2 million units. B) 3 million units. C) 4 million units. D) 5 million units.