Demand is said to be price inelastic when the coefficient of price elasticity of demand is

a. greater than +1
b. between 0 and +1
c. zero
d. infinity


B

Economics

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A permanent negative supply shock causes stock prices to ________ than they would if the supply shock were temporary

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If you deposit $500 cash into your account at a commercial bank. If it faces a 10 percent required reserve ratio, as a result of your deposit, the bank will:

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Economics