If the demand curve for a product is horizontal, then the elasticity of demand is:
a. equal to zero
b. equal to one.
c. greater than one, but less than infinity.
d. equal to infinity.
d
Economics
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If a nation opens up to free trade and becomes an importer of goods, which of the following is then true?
A) The nation as a whole loses. B) Sellers gain. C) Buyers gain. D) Buyers lose.
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The truth of the MPP=MRP condition has been implicitly accepted by most businesses while not explicitly recognizing its legitimacy
Indicate whether the statement is true or false
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