« previous next »

Author Question: If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an ... (Read 31 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an increase in price will:
 a. not affect the quantity purchased.
 b. decrease the quantity demanded and increase total revenue.
 c. decrease the quantity demanded and decrease total revenue.
 d. decrease the quantity demanded and leave total revenue unchanged.

Question 2

The ________ interest is the relevant interest rate in the money market; the __________ interest rate is the relevant interest rate in the loanable funds market.
 a. Nominal; nominal.
  b. Nominal; real
 c. Real; nominal
 d. Real; real


Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Apply direct pressure under the zygomatic arch. Moving laterally, gently press up and under the ... Apply direct pressure under the zygomatic arch. Moving laterally, gently press up and under the ...
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Kepler’s Law of Equal Areas Kepler’s Law of Equal Areas
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Genetic distance between human groups

For a complete list of videos, visit our video library