Refer to Figure 2.1. At point D, demand is:
A) completely inelastic.
B) inelastic, but not completely inelastic.
C) unit elastic.
D) elastic, but not infinitely elastic.
E) infinitely elastic.
B
Economics
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Political freedom seems to be ________ important to growth than economic freedom
A) less B) more C) equally D) critically
Economics
Refer to the figure. Assuming this market is representative of the economy as a whole, a negative demand shock will most likely:
A. cause inflation.
B. increase unemployment.
C. lower prices but leave output unaffected.
D. reduce both prices and output.
Economics