The demand for loanable funds curve shows the ________ relationship between the market interest rate and the quantity of loans demanded

If a small change in the x variable results in a large change in the y variable, the curve will be

A) positively sloped. B) negatively sloped. C) stee

If the market for a product is broadly defined, then

A) the good has many complements. B) there are few substitutes for the product and the demand for the product is relatively inelastic. C) there are many substitutes for the product and the demand for the product is relatively elastic. D) the expenditure on the good is likely to make up a large share of one's budget.