Author Question: In the figure above, U.S. consumers buy airplanes per year at million per ... (Read 155 times)

cdr_15 · **on:** Jun 29, 2018

In the figure above, U.S. consumers buy ________ airplanes per year at ________ million per airplane.

A) 200; 150
B) 400; 100
C) 700; 150
D) 400; 150
E) 200; 100

Question 2

As people have more time to adjust to changes in a good's price,

A) the demand curve will become less elastic.
B) the supply curve will become less elastic.
C) both the demand and supply curves will become less elastic.
D) both the demand and supply curves will become more elastic.