This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the price of a good increases from 3 to 4, and the quantity demand remains unchanged, then the ... (Read 110 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
Wow, this really help

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Alan Price - Poor People Alan Price - Poor People
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library