The "law of demand" means that the demand for any scarce good
A) is completely elastic.
B) cannot be completely inelastic.
C) must be inelastic.
D) is only a short-run demand.
E) cannot be elastic.
B
Economics
You might also like to view...
Which of the following taxes is collected only by the federal government?
A) Corporate income tax B) Social insurance tax C) Property tax D) Excise tax
Economics
In the horizontal segment of the aggregate supply curve, when GDP:
A. increases, the price level rises. B. decreases, the price level falls. C. increases, the price level does not change. D. increases, the price level falls.
Economics