Which of the following products has an elastic demand?
A. water
B. coffee
C. cars
D. salt
Answer: C
Economics
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The accounting relationship between the budget deficit and the trade deficit may be expressed as ____
a. G + T = (S + I) + (X ? IM) b. G ? T = (S + I) + (X + IM) c. (X - IM) = (S - I) ? (G - T) d. (X - IM) = (S + I) ? (G - T)
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