The demand curve shown in the figure above is ________ over the price range from $95 to $105 per tri
A) perfectly elastic
B) perfectly inelastic
C) unit elastic
D) elastic but not perfectly elastic
E) inelastic but not perfectly inelastic
C
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One example of human capital is the amount of skills that you have
Indicate whether the statement is true or false
If the marginal propensity to consume (MPC) is 0.75, and if policy makers wish to increase real GDP by $300 million, then by how much would they have to change taxes?
a. -$300 million. b. -$200 million. c. -$100 million. d. -$50 million.
Oligopoly
a. is a market structure of many small firms b. is the only seller of a good or service c. is a market structure of a few consumers of a product d. is a market structure of a few interdependent firms e. is a more efficient market structure than perfect competition
The aggregate demand of a country is the summation of consumption, investment, government spending, and net exports
a. True b. False Indicate whether the statement is true or false