The more time gasoline consumers have to adjust to a price change,
A) the lower their price elasticity of demand.
B) the greater their price elasticity of demand.
C) the less sensitive they will be to the price change.
D) the less time they will have to seek out substitutes for gasoline.
B
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Which of the following definitions of the money supply includes only the most liquid forms of money?
a. M1 b. M2 c. savings deposits. d. money market mutual deposits.
One of the defining characteristics of an oligopoly is that:
A. one firm's behavior can affect the others' profits. B. all firms act independently to create a monopoly outcome. C. all firms act independently to create a perfectly competitive outcome. D. None of these statements is true.
Blu-ray players and Blu-ray discs are:
A. complementary goods. B. substitute goods. C. independent goods. D. inferior goods.
The European Monetary System represented a
A) exchange rate regime with 'bands.' B) crawling peg. C) a flexible exchange rate regime. D) none of the above