A perfectly elastic demand curve has a price elasticity of demand coefficient of:
a. zero.
b. 1.
c. greater than 1, but less than infinity.
d. less than 1, but greater than zero.
e. infinity.
e
Economics
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The crowding-out effect refers to:
a. higher interest rates and reduced private spending that results from financing federal budget deficits. b. higher future taxes accompanying budget deficits to reduce private consumption. c. the inflation rate to rise when the unemployment rate is low. d. increases in private savings to reduce interest rates and, thereby, crowd-out government
Economics
In the above figure, at an output level of Q1, total variable cost is
A. OD times Q2. B. OF minus DF. C. OF. D. OF times Q1.
Economics