The rate at which a price index decreases is referred to as the:
A) cross inflation rate. B) deflation rate.
C) reverse inflation rate. D) depreciation rate.
B
Economics
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A price ceiling is a price
A) below which a seller cannot legally sell. B) above which a seller cannot legally sell. C) that creates a surplus of the good. D) Both answers A and C are correct.
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If a product has an elastic demand, it means that consumers are relatively insensitive to a change in the price of the product
a. True b. False Indicate whether the statement is true or false
Economics