What usually results when interest rates continue to increase?

For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value)

a. Insulin for a diabetic or aspirin for someone suffering a headache. b. A new Whirlpool 27 cu.ft. side-by-side refrigerator or electricity to power your all-electric home. c. A can of Red Bull or soft drinks in general.

The market demand curve shows how the total quantity demanded of a good varies as the income of buyers varies, while all the other factors that affect how much consumers want to buy are held constant

a. True b. False Indicate whether the statement is true or false