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Author Question: The demand for ________ is more elastic than the demand for ________. A) chewing gum; cars B) ... (Read 53 times)

asan beg

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on: Jun 29, 2018
The demand for ________ is more elastic than the demand for ________.
 
  A) chewing gum; cars
  B) all personal computers; Dell computers
  C) Pepsi; all soft beverages
  D) food; exotic vacations

Question 2

Suppose the economy is experiencing a recessionary gap. In the long run, if aggregate demand does not change, the following events happen: the money wage rate ________, unemployment ________, and the price level ________.
 
  A) falls; rises; falls
  B) falls; falls; falls
  C) rises; rises; rises
  D) rises; falls; rises


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peilian

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

C

Answer to Question 2

B


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

raenoj

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

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