When demand does not change much after a price change, demand is:
Is demand for tea elastic or inelastic?Answer: D. Demand for tea is inelastic because there are no available substitutes for tea.
Auto answered|Score .8|Niki44|Points 12|User:
Income not used for consumption is:
D. none of the above
Income not used for consumption is savings. [http://wiki.answers.com/Q/What_is_income_not_used_for_consumption_called
]Auto answered|Score 1|wisbest|Points 2627|User:
Real GDP divided by the total population is:
A. real GDP per capita
B. normalized GDP
C. fixed GDP
D. capita per real GDP
Real GDP divided is C. real GDP per capita
]Auto answered|Score 1|MrG|Points 4187|User:
The Federal Reserve System is overseen by the seven-member:
A. Board of Governors
D. The Central Bank
The Federal Reserve System is a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board) with a central bank (Federal Reserve Bank) in each of 12 districts and that has wide powers in controlling Auto answered|Score .6331|scijoe21|Points 2275|User:
Which of the following is a product that is considered a commodity?
A. new automobiles
B. low-grade gasoline
C. wrapping paper
D. apple candy
B. low-grade gasoline.Auto answered|Score 1|dennis003|Points 1030|User:
A market failure occurs when a free market is unable to
A. distribute resources efficiently.
B. provide open opportunity
C. meet government regulations.
D. encourage innovation.
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