Refer to the above figure. The supply curve is
A. perfectly inelastic.
B. unitary for all prices.
C. elastic at high prices and inelastic at low prices.
D. perfectly elastic.
Answer: D
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In the figure above, the shift in the aggregate demand curve from AD1 to AD2 could be result of
A) an increase in government expenditures on goods and services. B) a decrease in the quantity of money. C) a rise in the price level. D) a fall in the price level. E) an increase in taxes.
How does double taxation affect consumption, saving and economic growth?
What will be an ideal response?
The share of GDP taken by taxes has increased dramatically since the 1960s
a. True b. False Indicate whether the statement is true or false
Which of the following assigns widely followed bond ratings?
A. The U.S. Treasury B. The New York Stock Exchange C. Standard & Poor's D. The Federal Reserve