Which of the following equations shows inelastic demand?

a. ED < 1
b. ED >1
c. ED = 1
d. ED x 1

a. ED < 1

Economics

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If economic costs outweigh benefits from joining a currency union, a nation may still choose to join because of:

A) political pressure from the large nations. B) large political benefits. C) the fear of floating. D) the ability to limit imports.

Economics

Suppose that there is an increase in disposable income and simultaneously an increase in the expected profitability of investment. As a result, the equilibrium real interest rate ________ and the equilibrium quantity of loanable funds ________

A) remains unchanged; increases B) rises; increases C) might rise, fall, or remain unchanged; increases D) falls; increases E) might rise, fall, or remain unchanged; decreases

Economics