The elasticity all along a downward-sloping straight-line demand curve,
A. will be equal to -1 at all points.
B. will be different at each point on the curve.
C. will be equal to zero at all points.
D. will be constant.
B. will be different at each point on the curve.
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Which of the following statements is TRUE?
A) consumption - investment = disposable income B) consumption - saving = personal income C) consumption + saving = disposable income D) consumption + saving = personal income
Asymmetric information problems arise
A) in horizontally integrated firms, but not vertically integrated firms. B) in vertically integrated firms, but not horizontally integrated firms. C) in both vertically and horizontally integrated firms. D) only in firms that do not have the advantage of either horizontal or vertical integration. E) only when a single firm is both horizontally and vertically integrated.
The Monetarist transmission mechanism through which monetary policy affects the price level, real GDP, and employment depends on the:
a. indirect impact of changes on the interest rate. b. indirect impact of changes on profit expectations. c. direct impact of changes in fiscal policy on aggregate demand. d. direct impact of changes in the money supply on aggregate demand.
Unemployment rates ________________ over time.
a. increase b. fluctuate c. decrease d. stabilize