Author Question: The demand curve for a particular stock at any point in time is A) very inelastic but not ... (Read 103 times)

acc299 · **on:** Jul 1, 2018

The demand curve for a particular stock at any point in time is

A) very inelastic but not infinitely so.
B) almost infinitely inelastic.
C) infinitely elastic.
D) fairly elastic but not infinitely elastic.

Question 2

The effect of the September 11 attacks on the World Trade Center on the market for office space in downtown Manhattan was that both the equilibrium price and the equilibrium quantity fell. What is the most likely explanation for this?

A) Supply and demand both shifted left, and the magnitude of the demand shift was greater.
B) Supply and demand both shifted left, and the magnitude of the supply shift was greater.
C) Supply shifted left, demand shifted right, and the magnitude of the demand shift was greater.
D) Supply shifted left, demand shifted right, and the magnitude of the supply shift was greater.