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Author Question: If the demand for a good is elastic, when the price increases, the A) demand will decrease. B) ... (Read 107 times)

sheilaspns

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on: Jun 29, 2018
If the demand for a good is elastic, when the price increases, the
 
  A) demand will decrease.
  B) quantity demanded will increase.
  C) quantity demanded will decrease by a smaller percentage than the price increased.
  D) quantity demanded will decrease by a greater percentage than the price increased.

Question 2

The table below shows data for the U.S.
 
  Nominal Interest Rate Inflation Rate
  2013 5.25 4
  2014 5 2
  2015 4.5 4.3
 
  Between 2014 and 2015 the real interest rate ________ and caused a ________ the demand for loanable funds curve.
  A) increased; rightward shift
  B) decreased; movement down along
  C) increased; movement up along
  D) decreased; leftward shift


matt95

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

D

Answer to Question 2

B


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sheilaspns

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Reply #2 on: Jun 29, 2018
Thank you :)


matt95

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Reply #3 on: Jun 29, 2018
Happy to help you


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