Inelastic demand displays:
A. little quantity stretch.
B. considerable price stretch.
C. considerable quantity stretch.
D. little price stretch.
Answer: A
You might also like to view...
Suppose this economy is currently closed. ________ is/are most likely to want open trade, and ________ is/are most likely to oppose opening the economy to trade.
A. bike manufacturers; bike purchasers B. the government; bike purchasers C. bike manufacturers; the government D. bike purchasers; bike manufacturers
The recession that began in the United States in 2007
What will be an ideal response?
Bacteria can produce ____________ in response to adverse conditions, which allows them to regenerate later when conditions improve.
Fill in the blank(s) with the appropriate word(s).
Refer to Figure 14.2. A movement from point d to point c could be caused by an:
A. increase in government spending. B. increase in the price of oil. C. increase in taxes. D. increase in short-run aggregate supply.