A good will have a more elastic demand, the
a. greater the availability of close substitutes.
b. more broad the definition of the market.
c. shorter the period of time.
d. more it is regarded as a necessity.
a
Economics
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The slope of the aggregate demand curve indicates that ________ in the inflation rate leads to ________ of real GDP demanded by households and firms
A) an increase; a higher level B) a decrease; a lower level C) a decrease; a higher level D) an increase; no change in the level
Economics
In foreign exchange markets, who demands dollars and who supplies dollars?
What will be an ideal response?
Economics