The price of furnace filters increased by 5 percent and the quantity demanded did not change. The price elasticity of demand for furnace filters is
A) perfectly inelastic.
B) inelastic.
C) elastic.
D) unit elastic.
E) perfectly elastic.
A
Economics
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A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
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Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the quantity demanded?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
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Limit pricing occurs when a firm sets price _________________.
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A variable that tends to move in advance of aggregate economic activity is called
A) a leading variable. B) a coincident variable. C) a lagging variable. D) an acyclical variable.
Economics