When demand is perfectly inelastic, the demand curve is

A) horizontal.
B) vertical.
C) upward sloping.
D) downward sloping.

Answer: B) vertical.

Economics

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A rise in deposit rates, all else constant, __________ a bank's __________ risk

A) lowers; credit B) lowers; interest rate C) raises; credit D) raises; interest rate

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A payroll tax is a tax on

a. the wages that a firm pays its workers. b. earned and unearned income. c. specific goods like gasoline and cigarettes. d. corporate profits.

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