Which good would be likely to be bought in the same quantity even if it doubled in price?

a. shoes
b. telephones
c. pencils
d. computers

Ans: c. pencils

Economics

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If GDP = $300 billion and velocity = 1.5, then the money supply is

A) indeterminate. B) $200 billion. C) $300 billion. D) $450 billion.

Economics