Unless demand is changing, price and quantity will
A) be proportionate.
B) move in opposite directions.
C) move in the same direction.
D) fluctuate cyclically.
E) remain constant.
B
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What is the main role of banks?
a. Accepting deposits from individuals b. Making loans to business c. Acting as a financial intermediary between savers and borrowers d. Acting as a depository institution for savers
Which of the following industries would be considered to have a capital intensive production process?
A. Serving food at a restaurant. B. Creating a hand-crafted wine. C. Farming in a rich country D. Creating a painting.
A middle-ground exchange rate regime, between fixed and floating, is NOT called:
a. a managed float. b. a dirty float. c. limited flexibility. d. a free float.
An increase in demand will cause a relatively small increase in price when:
A. the increase in demand is large. B. demand is highly elastic. C. supply is highly inelastic. D. All of these