If at a given moment, no matter what the price, producers cannot change the quantity supplied, the momentary supply
A) has zero elasticity.
B) has unit elasticity.
C) has infinite elasticity.
D) does not exist.
A
Economics
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A decrease in the price of a particular good, with all other variables constant, causes
a. a shift to a different demand schedule with higher quantities demanded b. a shift to a different demand schedule with lower quantities demanded c. a movement along a given demand curve to a lower quantity demanded d. a movement along a given demand curve to a higher quantity demanded e. no movement along a given demand curve unless supply also changes
Economics
The price of bonds is tied to the interest rate; when one goes up, the other must fall
a. True b. False Indicate whether the statement is true or false
Economics