If a households income falls from 26, 000 to 24, 000 and its savings falls from 1, 000 to 500, then its

A perfectly inelastic demand curve:

A. has a price elasticity coefficient greater than unity. B. has a price elasticity coefficient of unity throughout. C. graphs as a line parallel to the vertical axis. D. graphs as a line parallel to the horizontal axis.

According to the World View chart in the text, from highest to lowest real GDP per capita, which is correct?

A. United States, Japan, France, Canada, China. B. United States, Canada, Germany, Japan, South Korea. C. United States, China, India, Jordan, Germany, Japan, Russia. D. United States, China, Japan, Germany, Russia.