Scientific evidence suggests that consumption of foods rich in fiber lowers cholesterol. As a result, the demand for bran increases at every price by 5,000 bushels and the supply curve for bran is perfectly price elastic. The quantity of bran consumed will
a. not change.
b. change unless the demand curve is perfectly inelastic.
c. rise by exactly 5,000 bushels.
d. not rise by exactly 5,000 bushels unless the demand curve is perfectly inelastic.
c
Economics
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Which of the following would most likely NOT be included in the liquidity approach to defining the money supply?
A) savings deposits B) money market mutual fund accounts C) corporate bonds D) traveler's checks
Economics
Sharon pays a tax of $4,000 on her income of $40,000 . while Brad pays a tax of $1,000 on his income of $20,000 . This tax is:
a. regressive. b. progressive. c. proportional. d. a flat tax.
Economics