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Author Question: Consider the straight-line demand curve illustrated in the figure above. At a price of 6, demand is ... (Read 110 times)

a0266361136

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on: Jun 29, 2018
Consider the straight-line demand curve illustrated in the figure above. At a price of 6, demand is
 
  A) inelastic.
  B) elastic.
  C) unit elastic.
  D) More information is needed to determine if the demand is elastic, unit elastic, or inelastic.

Question 2

Which of the following is NOT included in the U.S. current account?
 
  A) U.S. investment abroad
  B) net interest income
  C) net transfers
  D) imports of goods and services


asware1

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

B

Answer to Question 2

A


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