Bad risks may be the most willing to pay high interest rates and thus get loans. This describes an example of

If consumption is $750 when real disposable income is $1,000, the average propensity to consume is

A) 0.50. B) 0.25. C) 0.80. D) 0.75.

Along a straight-line demand curve, as the price falls the

A) demand becomes more elastic. B) demand becomes less elastic. C) elasticity of demand is constant. D) demand is always unitary elastic.