In the figure above, a factor that could cause the supply of bonds to increase (shift to the right) is

Suppose the demand function for a consumer is given by a. What is the own-price elasticity of demand for x? b What is the cross-price elasticity of demand for x? c. What happens to spending on x as the price of x increases? d. What is the income elasticity of demand for x? What does this tell you about what kind of good x must be?

What will be an ideal response?

Appreciation of the British pound will

A. make Britain's exports less expensive and her imports more expensive. B. make Britain's exports more expensive and her imports less expensive. C. make Britain's exports and imports both more expensive. D. make Britain's exports and imports both less expensive.