« previous next »

Author Question: If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an ... (Read 146 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
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

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
Failure of the Equal Rights Amendment, 1972–1982 Failure of the Equal Rights Amendment, 1972–1982
Doppler Effect, Observer Moving Doppler Effect, Observer Moving
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
Apply effleurage to pectoral muscles with fist, moving along pectoral muscles from shoulder to ... Apply effleurage to pectoral muscles with fist, moving along pectoral muscles from shoulder to ...
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library