The absolute price elasticity of demand for a vertical demand curve
A. is infinite.
B. is 0.
C. is 1.0.
D. depends on where one is on the demand curve.
Answer: B
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The interest parity condition indicates that the interest differential is equal to the
A) risk premium. B) forward premium. C) futures premium. D) arbitrage premium.
What is "asymmetric information"?
What will be an ideal response?
under a system of private property,could a 60 yr old owner of a tree farm benefit by planting and caring for a crop of douglas firs, most of which will not be ready to harvest for 50 yrs
What will be an ideal response?
If firms that practice second degree price discrimination use more block prices,
A) both consumer surplus and welfare will decrease. B) both consumer surplus and welfare will increase. C) consumer surplus will decrease, but welfare will increase. D) consumer surplus will increase, but welfare will decrease.