Which is an example of a good with an elastic supply?
a. beef
b. bananas
c. lumber
d. click-top pens
Ans: d. click-top pens
You might also like to view...
Sylvia wants to expand her taxidermy business and is going to use profits from the business to do so. This is an example of using ________ for her expansion
A) retained earnings B) direct finance C) dividends D) indirect finance
Which price index tends to understate the impact of price changes on consumers?
A) Chain-weighted index B) Laspeyres index C) Paasche index D) Ideal cost-of-living index
The market structure in which strategic considerations are most important is
A) monopolistic competition. B) oligopoly. C) pure competition. D) pure monopoly.
Which of the following is not a correct statement about money? a. Money serves as a medium of exchange
b. The value of money generally fluctuates much more than the prices of individual commodities like oil or wheat. c. Money serves as a store of value. d. Money serves as a means of deferred payment.