A general equilibrium analysis of a price change in the corn chip market would include an investigation of the impacts in

Which of the following goods would have the smallest elasticity of demand?

A) Exxon brand premium unleaded gasoline B) insulin sold to diabetics C) an education at Harvard Law School sold to recent college graduates D) a bottle of Bayer Aspirin sold to someone without a headache

You place $100 in a bank account that pays 8%. If you remove the interest you receive each year you can turn your stock into a flow of

A) $108 per year. B) $100 per year. C) $80 per year. D) $8 per year.