The price elasticity of demand measures the responsiveness of the quantity:
a. demanded to changes in product quality.
b. demanded to changes in income.
c. demanded to changes in price.
d. of supply to changes in demandf
Answer: c. demanded to changes in price.
Economics
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________ is the ability to move to a different part of the income distribution
Fill in the blank(s) with correct word
Economics
Under the new discount window system, the interest rate for primary credit loans is set
A) one percentage point below the federal funds rate target. B) one percentage point above the federal funds rate target. C) two percentage points above the federal funds rate target. D) two percentage points below the federal funds rate target.
Economics