What type of elasticity, when the quantity drops by less than 10 percent, the total revenue increases by less than 10 percent?

Nicholas is saving money collected from his paper route in order to purchase a new bicycle. His saving represents using money as

A) a medium of exchange. B) a store of value. C) an unit of account. D) none of the above

The consumer confidence index can be defined as:

a. an economic index that measures how consumers feel about their government. b. an economic index that measures how confident companies are about keeping their current consumers. c. an economic index that measures household expectations about the economy. d. an economic index that measures how investors feel about their investments in the stock market. e. an economic index used to measure consumers' confidence on a particular brand.