Which of the following would be most inelastic with regard to ...

[maegan_martin]

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.

[tranoy]

Answer to Question 1

c

Answer to Question 2

d

[maegan_martin]

Thank you

[tranoy]

Happy to help you