Demand price elasticity is measured by the:
a. percentage change in income / percentage change in price.
b. percentage change in quantity demanded / percentage change in income.
c. percentage change in price / percentage change in quantity demanded.
d. percentage change in quantity demanded / percent change in price.
e. percentage change in total revenue / percentage change in price.
d
Economics
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In Figure 4-10 above, preferring the "easy fiscal, tight money" policy mix at a certain income is why we are at
A) point A rather than point C. B) point C rather than point A. C) point D rather than point B. D) point B rather than point D.
Economics
In the two-period model with asymmetric information, a bank
A) creates money. B) keeps money safely. C) multiplies reserves. D) borrows and lends.
Economics