"The percentage change in quantity demanded divided by the percentage change in price" represents
A) the law of demand.
B) the law of one price.
C) the price elasticity of demand.
D) the responsiveness of consumers to a change in quantity demanded.
E) none of the above.
C
Economics
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Moving from one curve to another in an indifference map always increases utility
Indicate whether the statement is true or false
Economics
Congress decided to implement a fiscal policy, but argued for weeks about how to do it. Once they agreed on a plan, the president had to deliberate and consult his cabinet members before signing it. This is an example of ______.
a. an impact lag b. a crowding-out lag c. a recognition lag d. an implementation lag
Economics