The slope of the demand curve and the price elasticity of demand are
a. basically the same thing
b. determined by supply
c. are derived from production and distribution costs
d. different because slope is based on absolute changes and elasticity is based on percentage changes
e. implicit in the shape of the supply curve
D
Economics
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Refer to Figure 14.1. Other things equal, if the U.S. dollar increases in value relative to other currencies, this is best represented as a movement from
A) point X to point Y. B) point X to point Z. C) point Y to point Z. D) point Y to point X.
Economics
Which of the following would NOT cause a shift in the IS curve?
A) an increase in the domestic real interest rate B) an increase in consumer confidence C) a decrease in the expected future profitability of capital D) a decrease in government purchases
Economics