The per-unit burden of the tax on buyers is

A relatively steep money demand schedule reflects the assumption that the interest elasticity of money demand is

a. low (in absolute value). b. high (in absolute value). c. zero. d. indefinite.

In the above figure, an increase in income is best demonstrated by a

A) shift of D1 to D2 in Graph A, if good A is a normal good. B) shift of D2 to D1 in Graph A, if good A is a normal good. C) movement along D0 from P1 to P2 in Graph B. D) movement along D0 from P2 to P1 in Graph B.