A corporation is limited to how many owners?
A) 1 B) 2
C) less than 10 D) There is no limit to the number of owners.
D
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Most monetarists would say that:
A. the MV = PQ equation provides a better understanding of the macroeconomy than does the C a + I g + X n + G = GDP equation. B. most changes in the price level are explainable by changes in the level of real output. C. the velocity of money is quite unstable. D. all of these are true.
Producers want to calculate the price elasticity of demand because they want to:
A. know the goods and services for which consumers are most sensitive to price changes. B. be able to predict the future preferences of their customers. C. know that consumers will have the same response to a price change regardless of the good or service. D. understand what goods their customers dislike the most.