If you bought a long futures contract you hope that bond prices

The Board of Governors of the Fed consists of: a. seven elected members

b. seven members appointed by the president. c. a representative from each of the 12 district banks. d. 12 elected members. e. 12 members appointed by the president.

Moving along an elastic portion of a demand curve, a small percentage change in price leads to a larger percentage change in quantity demanded

a. True b. False Indicate whether the statement is true or false