Isoelastic demand means that:
A. the elasticity of demand is equal to -1.
B. demand is completely unresponsive to price.
C. the elasticity is demand is infinite.
D. the demand function has the same elasticity at every price.
D. the demand function has the same elasticity at every price.
Economics
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Response to the energy crisis of the early 1970s did not include
a. gasoline "rationing by waiting." b. gasoline "rationing by price." c. increased bureaucratic involvement. d. Americans insulating their homes.
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A rapid, unexpected increase in the inflation rate could make real interest rates negative
a. True b. False Indicate whether the statement is true or false
Economics