If the percentage change in price is 10 and the percentage change in quantity supplied is 10, supply is:
A. unaffected by price changes.
B. inelastic.
C. unit elastic.
D. elastic.
Answer: C
Economics
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Imports are:
A) positively related to income in the rest of the world and currency appreciation. B) positively related to income in the rest of the world and currency depreciation. C) positively related to domestic income and currency appreciation. D) positively related to domestic income and currency depreciation.
Economics
The value of a country's imports cannot exceed the value of its exports
a. True b. False
Economics