As price elasticity of supply increases, the supply curve
a. becomes flatter.
b. becomes steeper.
c. becomes downward sloping.
d. shifts to the right.
a
Economics
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After new HUD guidelines were issued in 1999, Freddie Mac and Fannie Mae
a. extended fewer loans to borrowers making a down payment of 5 percent or less. b. extended more loans to borrowers making a down payment of 5 percent or less. c. extended new loans only to borrowers making a down payment of at least 20 percent. d. refused to extend new loans without full verification that the borrower had prime credit status.
Economics
In the loanable funds market,
A. The price is the interest rate. B. The supply curve reflects the behavior of borrowers. C. If interest rates rise, firms borrow more. D. The demand curve reflects the behavior of lenders.
Economics