The horizontal summation of the demands of each consumer at different price levels is called:
A. speculative demand.
B. the market demand curve.
C. the price elasticity of market demand.
D. consumer surplus.
B. the market demand curve.
Economics
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The cross-price elasticity of demand for peanut butter and jelly is likely:
A. a positive number. B. a very high positive number. C. a negative number. D. less than one.
Economics
Institutions that channel funds from people who have them to people who want them are called:
A. financial intermediaries. B. corporations. C. the Federal Reserve. D. governmental agency.
Economics