The demand for food is most elastic in countries
A) with low income levels.
B) with intermediate income levels.
C) with high income levels.
D) that are highly urbanized.
A
Economics
You might also like to view...
The United States is the top-ranked country with respect to country creditworthiness
Indicate whether the statement is true or false
Economics
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70 B) 4.07 C) 4.75 D) 4.00
Economics