Demand for goods in broader category definitions, such as "beverages", is usually less elastic than demand for more narrowly defined goods, such as "diet colas."

Why did Communist governments use a command economic system for many years?

a. as a way to avoid the expense and difficulties of a free market b. as a method of keeping consumers from getting what they wanted c. to limit the costs of production of many goods d. in an attempt to create a society in which everyone was equal

The Fed first announced an inflation target of 2% in

A) 1979. B) 2005. C) 2012. D) 2015.