In the above figure, over the price range P5P6, demand is
A. unit elastic.
B. inelastic.
C. perfectly inelastic.
D. elastic.
Answer: B
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Explain why a change in income tax rates causes the consumption schedule to change slope
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
A buyer's investment value is the __________ that he or she would be willing to pay for a particular property.
Fill in the blank(s) with the appropriate word(s).
If bundles A, B, and C lie on the same indifference curve, then:
A. A ~ B ~ C. B. B > C > A. C. A > B > C. D. A ~ B > C.