When studying how some event or policy affects a market, elasticity provides information on the
a. change in the costs of production.
b. tradeoff between equality and efficiency.
c. effect on the budget deficit or surplus.
d. direction and magnitude of the effect.
d
Economics
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Which of the following represents the largest source of income for U.S. households?
a. personal interest b. proprietor's income c. wages and salaries d. rental income e. transfer payments
Economics
Which of the following is not included in the M1 money stock?
a. small time deposits b. demand deposits c. checking account deposits d. travelers' checks e. cash in the hands of the public
Economics