The supply curve will be more elastic if
a. the good has few substitutes
b. the time the producer has to adjust is long
c. the time frame for adjusting to price changes is short
d. demand is elastic
e. demand is inelastic
B
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The most unequal distribution of income in the United States is in Washington, D.C
Indicate whether the statement is true or false
A decrease in the value of the U.S dollar will tend to cause, other things the same ________
A) an increase in the volume of U.S. imports B) an increase in the volume of U.S exports and an increase in U.S. income C) an increase in the volume of U.S. exports and a decrease in U.S. income D) a decrease in U.S. income
What is demand deposit?
What will be an ideal response?
If the price of a DVD decreases by 50 percent, the quantity demanded increases by 75 percent. The price elasticity of demand is:
A. -0.67 and is elastic. B. -0.67 and is inelastic. C. -1.5 and is inelastic. D. -1.5 and is elastic.