The price of a bond is determined by
A) the seller.
B) the buyer.
C) the demand for and supply of bonds.
D) the investment bank that auctions off the bonds.
Ans: C) the demand for and supply of bonds.
Economics
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The cross elasticity of demand for butter and margarine is likely to be
A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) positive because they are normal goods.
Economics
The above figure shows the U.S. market for wheat. When there is no international trade, consumer surplus is equal to ________
A) area A + area B + area C B) area A C) area E + area F D) area B + area C + area D E) area A + area B + area C + area D
Economics