Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve.
B) the Ricardian curve.
C) the Keynesian curve.
D) the Phillips curve.
A
Economics
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If the quantity supplied and the price change by the same percentage, then supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics
In the figure above, when the price of a disk is $B, total revenue is shown in the graph by area
A) BCF0. B) AGF0. C) FCDE. D) ADE0.
Economics