If political unrest abroad substantially reduces the supply of copper to the United States, the price of copper will rise by a larger amount
A) the more elastic the demand for copper.
B) the more inelastic the demand for copper.
C) the more elastic the supply of copper.
D) the more inelastic the supply of copper.
B
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When a tax is imposed on the suppliers of a good or service, then
A) in general, the producers pay all the tax. B) in general, the consumers pay all the tax. C) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes smaller. D) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes larger.
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and M2 money supply to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to remain the same. c. Demand for real goods and services to rise and M2 money multiplier to rise. d. Demand for real goods and services to remain the same and M2 money supply to rise.