If the demand curve for X has twice the elasticity of the demand curve for Y, then for the same percentage decrease in price, the percentage increase in the quantity of X demanded would be twice that for Y
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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In the case of perfect complements, more is not necessarily better. ?
Answer the following statement true (T) or false (F)
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If the change in the y-axis variable is 6 and the change in the x-axis variable is 5, the slope of this line is 6/5
Indicate whether the statement is true or false
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A cash withdrawal from the banking system
A) decreases deposits. B) decreases reserves. C) decreases excess reserves. D) All of the above are correct.
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"Unemployment will decrease because the economy is on an upward swing" is an example of a positive statement
Indicate whether the statement is true or false
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