A demand curve that has constant price elasticity of demand coefficient equal to one at all points is a (an):

Based on economic criteria, a nation should choose a fixed exchange rate if:

A) the monetary authorities are capable of handling shocks. B) the net benefits of fixing versus floating are positive. C) the net benefits of fixing versus floating are negative. D) there is a liberal political agenda that restricts government authority over capital flows.

In a figure, the consumer surplus is equal to the area ________ the ________ curve and ________ the price

A) above; demand; above B) below; supply; below C) below; demand; below D) below; demand; above E) above; supply; below