An increase in demand will increase prices most when supply is

A. elastic.
B. perfectly inelastic.
C. inelastic (but not perfectly inelastic).
D. unit elastic.

Answer: B

Economics

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Ceteris paribus, a real depreciation of the dollar will decrease net exports in the United States

Indicate whether the statement is true or false

Economics

In order to change inflationary expectations in 1979, the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________

A) steep inflation; low unemployment B) deflation; high unemployment C) disinflation; low unemployment D) disinflation; high unemployment E) steep inflation; high unemployment

Economics