An increase in the money supply will increase both the amount of money demanded and output

A perfectly elastic demand curve is

a. a vertical straight line b. a horizontal straight line c. a downward-sloping straight line d. an upward-sloping straight line e. not a straight line

The demand for markers is _______________________ than is the demand for Sharpies because ____________________.

A. less price elastic; markers require a smaller portion of one's income B. more price elastic; markers require a smaller portion of one's income C. less price elastic; the scope of the market for markers is more broadly defined D. more price elastic; the scope of the market is for markers is more broadly defined