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Author Question: In the above figure, a recession begins at point ________ and an expansion begins at point ________. ... (Read 117 times)

berenicecastro

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on: Jun 29, 2018
In the above figure, a recession begins at point ________ and an expansion begins at point ________.
 
  A) a; b
  B) b; c
  C) b; a
  D) d; c

Question 2

If demand is price elastic,
 
  A) a 1 percent decrease in the price leads to an increase in the quantity demanded that exceeds 1 percent.
  B) a 1 percent increase in the price leads to an increase in the quantity demanded that exceeds 1 percent.
  C) a 1 percent decrease in the price leads to a decrease in the quantity demanded that is less than 1 percent.
  D) the price is very sensitive to any shift of the supply curve.


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T4T

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

A

Answer to Question 2

A


berenicecastro

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Reply 2 on: Jun 29, 2018
:D TYSM

strudel15

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Reply 3 on: Yesterday
Gracias!

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