Assuming that the demand for a good has increased and the supply of a good has decreased by the same amount, then:
a. The change in price is determinate but the change in quantity is indeterminate.
b. The change in quantity is determinate but the change in price is indeterminate.
c. Both the change in price and the change in quantity will be indeterminate
d. Neither the change in price nor the change in quantity will be indeterminate.
d
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In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $6 to $5 is equal to
A) 2.50. B) 1.63. C) 1.10. D) 0.91. E) 1.00.
When demand is perfectly elastic, marginal revenue is
A) zero. B) equal to price. C) declining. D) increasing.
Takeovers and takeover attempts waste valuable capital
a. True b. False Indicate whether the statement is true or false
Of the following balance of payments measures, which one shows bestwhether there are speculative financial capital flows from the nation?
a. Current account b. Balance on goods & services c. Balance on goods, services, and net income d. Capital account e. Financial account