Other things remaining the same, the quantity of a good or service demanded will increase if the price of the good or service
A) rises.
B) falls.
C) does not change.
D) rises or does not change.
E) rises or falls.
B
Economics
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U.S. official reserves are
A) equal to the balance on the capital and financial account. B) equal to the value of U.S. government debt in the hands of foreigners. C) equal to the government's holding of gold. D) equal to the value of the government's oil reserves. E) the government's holding of foreign currency.
Economics
If the demand curve for a product was vertical, then the elasticity of demand would be: a. equal to zero
b. equal to one. c. greater than one, but less than infinity. d. equal to infinity.
Economics