The supply curve for watches
A) is downward sloping.
B) shows the relationship between the quantity of watches firms are willing and able to supply and the quantity of watches consumers are willing and able to purchase.
C) shows the supply of watches consumers are willing and able to buy at any given price.
D) shows the relationship between the price of watches and the quantity of watches supplied.
D
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The demand for an input will be more inelastic when
A) the demand for the product being produced is elastic. B) the cost of the input is a relatively large percentage of total production costs. C) the time period being considered is relatively long. D) it is difficult to substitute other inputs for this input.
A person who is willing to bear more risk will buy
A. common stock. B. government bonds. C. preferred stock. D. bonds.