Along a straight-line downward-sloping demand curve, elasticity is
a. constant, but its value cannot be determined without measurement
b. constant and equal to an absolute value of one
c. greater at higher prices
d. greater at lower prices
e. greater in the middle
C
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According to this Application, based on the analysis of the sources of growth in China and India, and assuming that nothing changes, it can be concluded that
A) there is convergence between the nations in Asia. B) China's reliance on technology for economic growth makes it less likely to keep pace with the growth rate in India. C) India's long-term growth prospects are not as strong those for China. D) the growth rate in China should significantly slow down in the near future, but the growth rate in India will continue to rapidly increase in the near and distant future.
Which of the following are depository institutions?
A) The Federal Reserve Banks of New York and Chicago B) The U.S. Treasury and the IRS C) Banks and thrifts D) Investment banks and finance companies