Author Question: An increase in demand will increase the quantity sold but not the price in a market if: a. supply ... (Read 63 times)

captainjonesify · **on:** Jun 30, 2018

An increase in demand will increase the quantity sold but not the price in a market if:
a. supply is perfectly elastic
b. supply is perfectly inelastic
c. supply is relatively elastic
d. supply is relatively inelastic

Question 2

An increase in the money supply:
a. will definitely result in inflation if unemployment is high and there is much unused industrial capacity.
b. shifts the aggregate demand curve to the left.
c. will probably result in inflation if the economy is fully employed.
d. causes interest rates to rise.