As a price change persists over a long period of time, we should expect the demand elasticity to fall
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When the price of a bond rises, the interest rate paid on the bond also rises.
a. true b. false
Economics
If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is
A) a downward-sloping curve that is bowed outward. B) a downward-sloping curve that is bowed inward. C) a downward-sloping straight line. D) an upward-sloping straight line.
Economics