The demand for ________ is more elastic than the demand for ...

[asan beg]

The demand for ________ is more elastic than the demand for ________.
 
  A) chewing gum; cars
  B) all personal computers; Dell computers
  C) Pepsi; all soft beverages
  D) food; exotic vacations

Question 2

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change, the following events happen: the money wage rate ________, unemployment ________, and the price level ________.
 
  A) falls; rises; falls
  B) falls; falls; falls
  C) rises; rises; rises
  D) rises; falls; rises

[peilian]

Answer to Question 1

C

Answer to Question 2

B

[asan beg]

Thanks for the timely response, appreciate it

[atrochim]

TYSM