In a world with few impediments to capital mobility, the domestic interest rate equals the sum of the foreign interest rate and the expected depreciation of the domestic currency, a situation known as the

Farmers as a group generally prefer bad weather to good weather because bad weather shifts the demand curve for their product rightward and raises the price of their product

Indicate whether the statement is true or false

If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is

A. unit elastic. B. inelastic. C. elastic. D. infinite.