The demand for food in poor countries is
A) inelastic and more inelastic than in rich countries.
B) inelastic but more elastic than in rich countries.
C) elastic but less elastic than in rich countries.
D) elastic and more elastic than in rich countries.
B
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States with no-fault automobile insurance have lower crash fatality rates than states with ordinary automobile insurance
Indicate whether the statement is true or false
Which of the following would not cause market demand for a normal good to decline?
a. An increase in the price of a substitute. b. An increase in the price of a complement. c. A decline in consumer income. d. Consumer expectations that the good will go on sale in the near future. e. An announcement by the Surgeon General that the product contributes to premature death.
The introduction of money market substitutes for basic checking accounts was fueled partially by the:
A. high number of bank failures that were occurring in the 1970s. B. relatively high rates of inflation that existed in the late 1970s and early 1980s. C. reluctance of many retailers to accept checks. D. higher interest rates banks had to pay on checking accounts.
when the central bank buys gov securities it leads to
What will be an ideal response?