The income elasticity of demand is the percentage change in the ________ divided by the percentage change in ________
A) quantity demanded; the price of a substitute or complement
B) quantity supplied; price
C) quantity demanded; price
D) quantity demanded; income
E) quantity demanded when income changes; the quantity supplied
D
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Which of the following will not generally be true of a monopolistic competitor operating in the long run?
a. price greater than minimum average total cost b. price equal to average total cost c. marginal revenue equal to marginal cost d. positive economic profits
In reality, commercial banks function most like ____ of the district Federal Reserve Banks.
A. stockholders B. regulators C. customers D. competitors
Which agency lends money to countries to help them stabilize their exchange rates?
A. the International Monetary Fund B. the Federal Reserve C. the United Nations D. the World Bank
In Figure 35.1, if rents are controlled, then number of apartments that used to be rented that are now no longer rented is 
Figure 35.1
A. 0. B. Q"-Q'. C. Q"-Q*. D. Q*-Q'.