The Great Crash on the New York Stock Exchange occurred in ________

Suppose water rates in Podunk rise by 100%. The water consumption in Podunk will tend to

A) remain unchanged, because water is a necessity of life. B) decrease substantially overnight. C) decrease more substantially over time, as residents discover substitutes for water. D) decrease, and therefore lead to a lower price of water.

A narrow bid-asked spread indicates that a security has

A) small price fluctuations. B) high liquidity costs. C) low transaction volume. D) a thin market.