If the interest rate on a bond is below the equilibrium interest rate, there is an excess ________ of bonds and the bond price will ________

The most common form of business organization in the United States is the

A) proprietorship. B) partnership. C) corporation. D) cooperative.

Demand for a good is likely to be less elastic

a. the more narrowly defined the good is b. the larger the good's share of the buyer's budget c. in the long run than in the short run d. the smaller the number of substitute goods available e. at high prices