The vertical axis in a graph
A) is named the y-axis.
B) is named the x-axis.
C) is not used in a scatter diagram.
D) has no origin.
A
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Explain why the price elasticity of demand changes along a linear demand curve
What will be an ideal response?
Which of the statements below does not describe a demand curve that is unit elastic?
a. The percentage change in the quantity demanded = percentage change in product price. b. An increase in product price will not change total revenue. c. The price elasticity of demand equals one. d. A change in price does not change quantity demanded. e. A decrease in product price will not change total revenue.
Bonds are a form of debt
Indicate whether the statement is true or false
Explain the impact on the domestic economy of an import quota on oranges.
What will be an ideal response?