Elasticity of demand is calculated using percentage changes in both price and quantity.
Answer the following statement true (T) or false (F)
True
Economics
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A decrease in consumer confidence can put your job at risk if
A) aggregate expenditures rise. B) aggregate expenditures fall. C) consumers expect firms to increase investment in the future. D) consumers expect their incomes to rise in the future.
Economics
In economics, ________ are limited but ________ are unlimited
A) wants; resources B) resources; wants C) money; ideas D) ideas; money
Economics