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

Author Question: If the price of a good increases from 3 to 4, and the quantity demand remains unchanged, then the ... (Read 155 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
If the price of a good increases from 3 to 4, and the quantity demand remains unchanged, then the demand is
 
  A) perfectly inelastic.
  B) perfectly elastic.
  C) somewhat elastic.
  D) infinite.

Question 2

Aggregate demand is the relationship between the quantity of real GDP demanded and the ________.
 
  A) price level
  B) money wage rate
  C) real wage rate
  D) nominal GDP demanded


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloudre37

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into Angioplasty. One form is called balloon angioplasty, shown here. A balloon catheter is threaded into
The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
Classic Supply - Demand Curve Classic Supply - Demand Curve
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Remains of an abscission zone between a leaf petiole and twig of horse chestnut (Aesculus hippocasta Remains of an abscission zone between a leaf petiole and twig of horse chestnut (Aesculus hippocasta
Video: Causes of Angina

For a complete list of videos, visit our video library