Which of the following statement is true?
a. The demand for Cheerios is less elastic than the demand for cereal
b. The demand for gas is more elastic in the short-run than in the long-r
c. The demand for puma shoes is more elastic than the demand for shoes
d. Products with many complements have a more elastic demand
c
Economics
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How did the Great Depression affect economists' beliefs about the macroeconomy?
What will be an ideal response?
Economics
According to most economists, the development of markets is:
A. both a necessary and a sufficient condition for development. B. a sufficient condition for development but not a necessary condition. C. a necessary condition for development but not a sufficient condition. D. neither a necessary nor a sufficient condition for development.
Economics