In the table above, how many jackets must Mark forgo for every dress he makes?
A) 2/3 of a jacket
B) 1 jacket
C) 24 dresses
D) 16 jackets
E) 1 1/2 jackets
A
Economics
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The price of furnace filters increased by 5 percent and the quantity demanded did not change. The price elasticity of demand for furnace filters is
A) perfectly inelastic. B) inelastic. C) elastic. D) unit elastic. E) perfectly elastic.
Economics
One thing that Keynesians and Monetarists agree about is
a. the shape of the money demand function. b. that business cycles are primarily driven by changes in aggregate demand. c. the use of monetary and fiscal policy in stabilizing output. d. that the public forms their expectations primarily by looking backwards. e. both b and d.
Economics