If the Slamdunkers can sell 5000 season tickets for $100 and 6000 season tickets only by lowering the price to $80, the demand for season tickets between the two prices is
A) elastic.
B) inelastic.
C) marginal.
D) unit elastic.
B
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Suppose we observe several years of falling inflation rates for an economy. Which of the following would best explain this phenomenon? a. Unemployment is probably at the natural rate
b. The unemployment rate must be rising. c. The unemployment rate must be below the natural rate. d. The unemployment rate is probably above the natural rate. e. Aggregate output must be increasing.
The money multiplier process is based on the principle of fractional reserve banking
a. True b. False Indicate whether the statement is true or false
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and GDP Price Index in the context of the Three-Sector-Model?
a. The real risk-free interest rate and GDP Price Index remain the same. b. The real risk-free interest rate falls, and GDP Price Index falls. c. The real risk-free interest rate falls, and GDP Price Index stays the same. d. The real risk-free interest rate rises, and GDP Price Index falls. e. The real risk-free interest rate rises, and GDP Price Index rises.
The whole class of goods that will be underproduced or not produced at all in a completely unregulated market economy are referred to as
A. Pareto goods. B. public goods. C. free goods. D. private goods.