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

Author Question: If the quantity demanded changes by a relatively small amount for a given change in price, then ... (Read 28 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
If the quantity demanded changes by a relatively small amount for a given change in price, then demand is
 
  A) perfectly inelastic.
  B) perfectly elastic.
  C) elastic.
  D) inelastic.

Question 2

In the figure above, suppose the economy is initially at point B. If people come to believe that the exchange rate will fall in the future, the supply of dollars ________ and the market moves to point such as ________.
 
  A) decreases; A
  B) decreases; E
  C) increases; D
  D) increases; C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa. The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa.
Villi in the small intestine Villi in the small intestine
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Climate Change: Greenhouse gases Timescale Climate Change: Greenhouse gases Timescale
Endocytosis: Absorption Methods in the Small Intestine Endocytosis: Absorption Methods in the Small Intestine
Nutrients Are Absorbed through the Small Intestine Nutrients Are Absorbed through the Small Intestine
Video: Kidney Stones

For a complete list of videos, visit our video library