Pick the scarce good below with the completely inelastic demand curve
A) Clean air
B) Clean water
C) Tropical rain forests
D) Well-maintained national-forest fisheries
E) Trick question: none of the above goods have a completely inelastic demand curve.
E
Economics
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"The fewer the number of substitutes for a good, the more elastic the demand for that good." Is the previous statement true or false?
What will be an ideal response?
Economics
The new Keynesians emphasize the importance of
A) rational expectations. B) sticky wages and prices. C) real causes of the business cycle. D) the monetary growth rule.
Economics