The price elasticity of demand measure is generally stated as an absolute value.
Answer the following statement true (T) or false (F)
True
Economics
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If the dollar rises against the euro, the dollar buys ________ euros, the euro ________ and the dollar ________
A) more; depreciates; appreciates B) more; appreciates; depreciates C) less; appreciates; depreciates D) more; depreciates; depreciates E) less, depreciates; appreciates
Economics
In the above figure, if the price is equal to $50, there is
A) a surplus of 200 units. B) a shortage of 100 units. C) an excess quantity demanded of 50 units. D) an inadequate supply of 100 units.
Economics