A demand curve that is perfectly inelastic is
A. Downward-sloping.
B. Upward-sloping.
C. Horizontal.
D. Vertical.
Answer: D
You might also like to view...
The political structure that is most consistent with economic growth and progress is
What will be an ideal response?
Use the following graphs to answer the next question.
A short-run equilibrium that would produce profits for a monopolistically competitive firm would be represented by graph
A. A. B. B. C. C. D. D.
Total variable cost is the sum of all
A) costs of the firm's fixed factors of production. B) costs associated with the production of goods. C) costs that rise as output increases. D) implicit costs.
Parties who have sold a futures contract and thereby agreed to ________ (deliver) the bonds are said to have taken a ________ position
A) sell; short B) buy; short C) sell; long D) buy; long