All of the following are examples of a constant-elasticity demand curve except a(n)
a. perfectly elastic demand curve
b. linear demand curve with a slope of -4
c. perfectly inelastic demand curve
d. unit-elastic demand curve
e. vertical demand curve
B
Economics
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If the nominal interest rate is 2 percent and the inflation rate is 4 percent, then the real rate of interest is
A) -2 percent. B) 2 percent. C) 3 percent. D) 6 percent.
Economics
When playing a game in which players are in direct competition with one another, it is best to ________ a mixed strategy because the strategy is ________
A) use; predictable B) use; unpredictable C) avoid; predictable D) avoid; unpredictable
Economics