A perfectly elastic demand curve has an elasticity coefficient of:
a. 0.
b. 1.
c. less than 1.
d. infinity.
d
You might also like to view...
In the above figure, consumption expenditure is shown by flow
A) A. B) B. C) C. D) F.
________ of people work at firms that have 50 or more employees
A) Less than 25 percent B) About 50 percent C) More than 75 percent D) Close to 97 percent
When individuals trade in open markets,
a. Pareto improvements occur b. Pareto improvements cannot occur c. the markets are economically efficient d. the markets are Pareto efficient e. there are barriers to trade
All else equal, which of the following would tend to cause real GDP per person to rise?
a. a change from outward-oriented policies to inward-oriented policies b. an increase in investment in human capital c. a weakening of property rights d. All of the above are correct.