Which of the following changes would increase the present value of a future payment?
a. a decrease in the size of the payment
b. an increase in the time until the payment is made
c. a decrease in the interest rate
d. All of the above are correct.
c
Economics
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If the price of gold becomes less volatile, then, other things equal, the demand for stocks will ________ and the demand for antiques will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Economics
The price elasticity of demand depends on how readily and easily consumers can switch their purchases from one product to another
a. True b. False Indicate whether the statement is true or false
Economics