An increase in subway fares in New York City will boost your expenditures on subway rides if
A) the supply of subway rides is elastic.
B) the supply of subway rides is inelastic.
C) your demand for subway rides is elastic.
D) your demand for subway rides is inelastic.
D
Economics
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When the Federal Reserve buys bonds on the open market, it decreases the money supply
Indicate whether the statement is true or false
Economics
A health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40 . Using the method of average values, the price elasticity of demand for memberships at this health club is
a. 6.00 b. 0.10 c. 1.00 d. 0.25 e. 0.83
Economics