Stocks and bonds issued in banking-oriented systems are rather __________ because they are traded __________

The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. After the demand increases, a typical firm will

A) make zero economic profit. B) make an economic profit. C) incur an economic loss. D) exit the market.

If the demand curve over a certain range is "price elastic," this implies that the:

a. percentage change in the quantity demanded exceeds one. b. percentage change in the quantity demanded exceeds the percentage change in product price. c. percentage change in price exceeds the percentage change in quantity demanded. d. product is non-reactive. e. product has no good substitute.