When cars are offered at low prices but people still do not buy them, the situation is one in which:
A) demand is elastic
B) demand is inelastic
C) there is aggregate demand
D) exchange takes place
Correct Answer:
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Q33: The circular nature of the economic process
Q34: Taxes may be considered:
A) additions to the
Q35: Some of the restrictions at work in
Q36: The exchange system is based on:
A) supply
Q37: Aggregate demand is defined as:
A) one person's
Q39: Some of the advantages of a market
Q40: Public, governmental agencies are:
A) firms
B) households
C) markets
D)
Q41: Demand and supply are:
A) market forces
B) key
Q42: When supply and demand are essentially equal,
Q43: A problem with laissez-faire economic policy is
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