What three types of goods are included in investment spending?

A fixed-proportion production function has isoquants that are

a. almost flat (i.e., the isoquants are almost straight lines). b. L-shaped. c. normally shaped (rectangular hyperbolas). d. None of the above.

A short run price elasticity of demand of -0.20 suggests a price flexibility of ________

Fill in the blank(s) with correct word