An unexpected fall in durable goods orders should send bond prices __________ and stock prices __________

When a firm is operating in a price-taker market, marginal revenue will always equal

a. average total cost. b. one minus the elasticity of the market demand curve. c. total revenue. d. price.

What is the term economists use to designate goods that are desirable but limited in supply?

a. economic goods b. tangible goods c. intangible goods d. precious goods