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