The Case-Shiller index reached its peak in

A) 2006.
B) 2007.
C) 2005.
D) 2008.

A

Economics

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Which of the following goods has a low, but positive, income elasticity of demand?

A) furniture. B) new cars. C) health insurance. D) all of the above E) none of the above

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The quantity supplied of a good

a. is the amount that sellers would provide if the firms faced no constraints b. is the amount that sellers would provide if input prices were zero c. must match the amount actually purchased in the market d. is a fixed amount unaffected by the sellers' circumstances e. is subject to the constraints imposed by technology and input prices

Economics