Rank the following goods from least to most elastic: school, prep school, Purebred Prep School

The interest rate private banks charge each other for lending reserves is called the federal funds rate.

a. true b. false

In the above figure, as Brendan's income falls his consumption bundle moves from point A to point E. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good

A) a normal; an inferior B) a normal; a normal C) an inferior; an inferior D) an inferior; a normal