Perfectly elastic demand curves are

Holding $10 in your pocket to purchase a piping hot pizza illustrates the

A) speculative demand for money. B) transfer demand for money. C) precautionary demand for money. D) transactions demand for money.

If food is measured on the horizontal axis of budget line diagram, and clothing is measured on the vertical axis, an increase in

a. the price of clothing will make the budget line steeper b. income will make the budget line steeper c. income will make the budget line flatter d. the price of food will make the budget line steeper e. the price of food will make the budget line flatter