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Author Question: Which of the following would be most inelastic with regard to price? a. a Samsung LCD television b. ... (Read 71 times)

maegan_martin

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on: Jun 30, 2018
Which of the following would be most inelastic with regard to price?
 a. a Samsung LCD television
 b. a Sony LCD television
 c. all LCD televisions
 d. Demand for all of the above would be equally elastic because none are necessities.

Question 2

When money demand decreases, the Fed can choose between:
 a. increasing interest rates or increasing the supply of money.
  b. increasing interest rates or decreasing the supply of money.
  c. decreasing interest rates or increasing the supply of money.
  d. decreasing interest rates or decreasing the supply of money.


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tranoy

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


maegan_martin

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Reply #2 on: Jun 30, 2018
Thank you :)


tranoy

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Reply #3 on: Jun 30, 2018
Happy to help you


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