Suppose the San Francisco 49ers lower ticket prices by 15 percent and as a result the quantity of tickets demanded increases by 10 percent. This set of results shows that San Francisco 49ers tickets have
A) an inelastic demand.
B) an elastic demand.
C) a unit elastic demand.
D) an inelastic supply.
E) an elastic supply.
A
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The securities, such as stocks or bonds, constitutes a(n) ________ for the borrowers and a (n) ________ for the saver
A) asset; liability B) asset; debt C) liability; asset D) debt or an asset; liability or an asset
If a policy is carried out by a rule, then we have an example of
A) active policy making. B) discretionary policy making. C) nondiscretionary policy making. D) natural policy making.
The law of demand says that as the price of a good rises,
a. buyers recognize that price may be even higher in the future, and so they buy now b. buyers purchase less in hopes that the price will fall in the future c. buyers purchase less, in part because their real income has fallen d. buyers purchase more, in part because the price of a substitute has risen e. buyers purchase more, in part because it has higher status at a higher price
Which point on the graph below is unattainable because the economy does not have enough resources to produce it?
What will be an ideal response?