If the price elasticity of demand for razors is 0.32, the demand for razors is
A) elastic.
B) unit elastic.
C) inelastic.
D) perfectly inelastic.
E) perfectly elastic.
C
Economics
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State how shifts in the aggregate demand curve can explain the movement of real GDP around potential GDP
What will be an ideal response?
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If the interest rate increases, there is a(n)
A) increase in the demand for money. B) decrease in the demand for money. C) increase in the quantity of money demanded. D) decrease in the quantity of money demanded.
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