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Author Question: If the quantity demanded changes by a relatively small amount for a given change in price, then ... (Read 44 times)

jeatrice

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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


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sierrahalpin

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

D

Answer to Question 2

D


jeatrice

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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