Suppose the demand for rescue services in our national parks is perfectly inelastic. This fact would mean that a 31 percent increase in rescue fees leads to
A) a 31 percent decrease in the quantity demanded.
B) a 31 percent increase in demand.
C) a 31 percent decrease in demand.
D) no change in the quantity demanded.
E) a decrease in the quantity demanded to 0 rescues.
D
Economics
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If freezing weather in Florida destroys a large portion of the current orange crop,
A) prices of Florida oranges will rise and quantity demanded will fall. B) the supply of and the demand for Florida oranges will both fall. C) the demand for Florida oranges will fall and prices will rise. D) the supply of Florida oranges will decline but not the quantity demanded.
Economics
What are the five major channels, which developing countries use to finance their external deficit?
What will be an ideal response?
Economics