In the above figure, along the section of the demand curve between point a and point b, demand is

A) elastic.
B) inelastic.
C) unit elastic.
D) unit inelastic.

A

Economics

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An increase in the expected future price level: a. Shifts both SRAS and LRAS to the left

b. Shifts both SRAS and LRAS to the right. c. Shifts SRAS left but leaves LRAS unchanged. d. Shifts SRAS right but leaves LRAS unchanged.

Economics

Answer the following statements true (T) or false (F)

1)Loans made to customers are a liability on a bank's balance sheet. 2) Checkable deposits are a liability on a bank's balance sheet. 3) The supply of money increases when the public buys government securities from commercial banks. 4) Commercial banks increase the supply of money when they purchase either personal IOUs or government bonds from businesses and households.

Economics