At the midpoint of a downward sloping straight-line demand curve, the demand
A) is elastic.
B) is unit elastic.
C) is inelastic.
D) has an elasticity exactly equal to zero.
B
You might also like to view...
Suppose in 2016, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2016?
A) the value of the house in 2016 B) the value of the house in 2016 minus depreciation C) the value of the services of the real estate agent D) the value of the house in 2003
To derive the labor market demand curve, the labor demand curves for each firm in the output market of interest are summed
Indicate whether the statement is true or false
If the money multiplier is approximated to be 2, then the reserve ratio must be:
A. 5 percent. B. 50 percent. C. 2 percent. D. 20 percent.
In the 1990s the United States' economy generated more than _______ million additional jobs.
A. 5 B. 10 C. 15 D. 20