Picture a linear downward-sloping demand curve. If the price continues to fall, price elasticity will
a. decrease
b. increase
c. remain unchanged
d. approach infinity
e. increase or decrease, depending on the character of the good
A
Economics
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Forecasting the future path of real GDP by exploiting past statistical relationships
A) is never very reliable. B) can be accomplished by the construction and use of an index of leading variables. C) can be accomplished by the construction and use of an index of lagging variables. D) can be accomplished by the construction and use of an index of coincident variables.
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People know that the inflation rate will increase from 3% to 5%. As a result...
What will be an ideal response?
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