The demand for a good is more elastic if the
A) good is a necessity.
B) good has few substitutes.
C) good is narrowly defined.
D) supply of the good is plentiful.
E) Both answers B and C are correct.
C
Economics
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If the exchange rate changes from $1.45 = 1 euro to $1.37 = 1 euro, then
A) both the euro and dollar have appreciated. B) the euro has appreciated and the dollar has depreciated. C) the euro has depreciated and the dollar has appreciated. D) both the euro and dollar have depreciated.
Economics
Which of the following is an example of an automatic stabilizer?
What will be an ideal response?
Economics