Your financial advisor tells you that if you earn the historical rate of return on a certain mutual fund, then in three years your $20,000 will grow to $23,152.50 . What rate of interest does your financial advisor expect you to earn?

If the quantity demanded changes by an infinitely large amount for a given change in price, then demand is

A) perfectly inelastic. B) perfectly elastic. C) elastic. D) inelastic.

In the above figure, through which range would the demand for this good be most inelastic?

A) A-B B) B-E C) E-F D) G-H