Money demand is given by Md/P = 1000 + .2Y - 1000i. Given that P = 200, Y = 2000, and i = .10, real money demand is equal to

If consumers buy only gasoline and food, at their best affordable choice the marginal rate of substitution between food and gasoline ________ the relative price of food and gasoline

A) must exceed B) must be less than the C) must equal D) might exceed or be less than but not equal to

A market in which orders exist in large volume is said to have

A) depth. B) breadth. C) resiliency. D) efficiency.