The range to the right of the midpoint on a linear demand curve is
A) elastic.
B) infinite.
C) one.
D) inelastic.
Answer: D
Economics
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Suppose the U.S. dollar price of the Japanese yen decreases. Given this information, which of the following is correct?
A) The dollar has appreciated. B) The dollar has depreciated. C) The yen has appreciated. D) The yen price of the dollar decreased.
Economics
A decrease in AS will trigger less inflation under which of the following conditions?
A. AD is relatively steep. B. AD is relatively flat. C. AS is relatively steep. D. AS is relatively flat.
Economics