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Author Question: If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an ... (Read 164 times)

NguyenJ

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on: Jun 30, 2018
If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an increase in price will:
 a. not affect the quantity purchased.
 b. decrease the quantity demanded and increase total revenue.
 c. decrease the quantity demanded and decrease total revenue.
 d. decrease the quantity demanded and leave total revenue unchanged.

Question 2

The ________ interest is the relevant interest rate in the money market; the __________ interest rate is the relevant interest rate in the loanable funds market.
 a. Nominal; nominal.
  b. Nominal; real
 c. Real; nominal
 d. Real; real


Viet Thy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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