If supply and demand analysis is a measure of how, then elasticity is a measure of:

A main argument against indexing is that: a. it can worsen inflation

b. it can reduce asset prices. c. transaction costs are too high. d. it could lead to deflation.

Suppose your friends take you out for dinner on your birthday and you have a much better time than you would have had doing anything else. There is still an opportunity cost, even though they will not let you pay for anything

a. True b. False