A demand curve with constant slope over all quantity values will always have a price elasticity of demand equal to -1.

Refer to Scenario 9.1. If Sheb places ________ sheep on the commons, Monty is better off placing ________ on the commons

A) 4; 4 B) 5; 5 C) 5; 4 D) Both A and C are correct.

Refer to the given information. If the price of this bond increases to $1,250, the interest rate will:

Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10 percent. A. fall to 9 percent. B. fall to 8 percent. C. rise to 11 percent. D. rise to 12 percent.