In the figure above, at the point where the price is $60 per bunch, the price elasticity of supply is
A) 1.8
B) 0.56
C) 1
D) 1.5
E) 0
A
Economics
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The IMF, because it can force nations to take loans and bail out packages, has more power than other international governmental organizations dealing with the global economy
Indicate whether the statement is true or false
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Which of the following variables is a flow concept?
a. Gross domestic product b. Assets c. Wealth d. Money supply e. Saving
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In the Keynesian model, when the economy is not in long-run equilibrium, then the short-run equilibrium point is not on which curve?
A. LM B. FE C. IS D. SRAS
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The above figure depicts an economy with a short-run equilibrium
A) at full employment. B) below full employment. C) at higher than full employment. D) at zero unemployment
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