The long-term trend in the United States is for markets to become more oligopolistic over time

What term is defined as the change in the amount consumers will buy because they can buy a different product instead?

a. inferior goods b. normal goods c. income effect d. substitution effect

If a security pays $110 next year and $121 the year after that, what is its yield to maturity if it sells for $200?

A) 9 percent B) 10 percent C) 11 percent D) 12 percent