A prolonged period during which stock prices continue to decline is known as a

a. bear market
b. bull market
c. crash
d. depression
e. none of these

a. bear market

Economics

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When demand is elastic, an increase in price leads to:

A. a decrease in total expenditures. B. an undetermined change in expenditures. C. an increase in total expenditures. D. no change in total expenditures.

Economics

Briefly explain the principle of comparative advantage.

What will be an ideal response?

Economics