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Author Question: If the price of a good increases from 3 to 4, and the quantity demand remains unchanged, then the ... (Read 89 times)

Shelles

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on: Jun 29, 2018
If the price of a good increases from 3 to 4, and the quantity demand remains unchanged, then the demand is
 
  A) perfectly inelastic.
  B) perfectly elastic.
  C) somewhat elastic.
  D) infinite.

Question 2

Aggregate demand is the relationship between the quantity of real GDP demanded and the ________.
 
  A) price level
  B) money wage rate
  C) real wage rate
  D) nominal GDP demanded


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cloudre37

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Shelles

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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