Buyers always prefer lower prices to higher prices
Indicate whether the statement is true or false
False
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Holding money as a medium of exchange to make payments is
A) the capital demand for money. B) the transactions demand for money. C) the precautionary demand for money. D) the asset demand for money.
If the price elasticity of demand for a product is 2.5, then a price increase of 1.5 percent decreases the quantity demanded by
A) 1.55 percent. B) 3.50 percent. C) 5.00 percent. D) 3.75 percent. E) 1.00 percent.
When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________
A) demand for; rise B) demand for; fall C) supply of; fall D) supply of; rise
An example of an increase in b, the efficiency of human capital accumulation, is
A) more mandatory school years. B) better teachers. C) better school material. D) better total factor productivity.