If the coefficient of elasticity is 25,

A) demand is 25%.
B) demand is about to change for the better.
C) demand is very elastic.
D) demand is very inelastic.
E) the law of demand hardly applies.


C

Economics

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"When the balance of payments sums to zero is the only situation in which there is an equilibrium." Do you agree or disagree? Why?

What will be an ideal response?

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Which part of the Federal Reserve determines monetary policy? How often does it meet? What does it set a target for?

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To maximize profits, a firm should expand production as long as it is making profits.

Answer the following statement true (T) or false (F)

Economics