Prices and wages tend to be:
A. flexible both upward and downward.
B. inflexible both upward and downward.
C. flexible downward, but inflexible upward.
D. flexible upward, but inflexible downward.
D. flexible upward, but inflexible downward.
Economics
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You have data for the amount of rainfall in 50 cities for the month of June. The type of graph to best display these data would be a
A) multi-variable time series graph. B) trend-line diagram. C) time-series graph. D) scatter diagram. E) cross-section graph.
Economics
If the board of regents of a major state university system plans to raise tuition in order to increase revenues, the regents must believe student demand is
a. elastic. b. inelastic. c. of unitary elasticity. d. perfectly elastic.
Economics