The demand curve for a good that has many perfect substitutes in consumption is likely to be
a. upward sloping
b. steep
c. highly inelastic
d. horizontal
e. vertical
D
Economics
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When a $10 check written on the First National Bank of Chicago is deposited in an account at Citibank, then
A) the liabilities of the First National Bank increase by $10. B) the reserves of the First National Bank increase by $ 10. C) the liabilities of Citibank increase by $10. D) the assets of Citibank fall by $10.
Economics
Autonomous consumption expenditures are
What will be an ideal response?
Economics