If the price elasticity of demand is equal to 1, then demand is unit elastic
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Refer to the above figure. If real Gross Domestic Product (GDP) is $2 trillion, then
A) the level of total planned expenditures is less than real GDP. B) the level of total planned expenditures is greater than real GDP. C) the level of total planned expenditures equals real GDP. D) the level of total planned expenditures equals zero.
Economics
As the stock of capital grows, there will typically be ________ depreciation
A) less B) more C) the same amount of D) no
Economics