You are asked to lend a friend $10,000 for a year. At the end of the year your friend agrees to pay you $10,500. The interest rate on this loan is

Refer to the above table. For which prices is demand unit-elastic?

A) in a range of prices below $6.50 B) in a range of prices above $6.50 C) in a range of prices between $5 and $10 D) in a range of prices between $6 and $6.50

The world price of a commodity will settle at the level where a. supply and demand are equal within each country

b. the excess demand of the importing country is just equal to the excess supply of the exporting country. c. the excess demand in the exporting country is equal to the excess demand in the importing country. d. there is no excess demand in the exporting country.