Assume that the graphs show a competitive market for the product stated in the question below.

The government expenditure multiplier reflects the magnification on ________ from a change in government expenditure on goods and services

A) tax receipts B) aggregate demand C) aggregate supply D) the budget deficit E) potential GDP

Refer to Table 6-6. Based on the data in the table, between a price of $9.99 and $14.99, the demand for books is

A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.