In the market for money, the intersection of demand and supply determines which of the following?The equilibrium price of moneyThe equilibrium interest rate

Answers

Answer 1

In the market for money, the intersection of demand and supply determines the equilibrium interest rate.

What is equilibrium interest rate?

The equilibrium interest rate is the rate at which the demand for money equals the supply of money in the market for money. It represents the balance between the desire of households and businesses to hold money for transactions, saving, and other purposes and the total amount of money available in the economy.

The demand for money refers to the desire of households and businesses to hold money for transactions, saving, and other purposes. The supply of money, on the other hand, refers to the total amount of money available in the economy.

In the market for money, the equilibrium interest rate is the rate at which the demand for money equals the supply of money. At this point, there is no incentive for households and businesses to either hold more or less money, and the market is in balance.

The equilibrium interest rate plays a critical role in the economy because it determines the cost of borrowing and the return on saving. It is also an important factor in the determination of the overall level of economic activity.

Hence, the intersection of demand and supply determines the equilibrium price or quantity of a good or service in a market. In the case of the market for money, the intersection of demand and supply determines the equilibrium interest rate.

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Related Questions

What are three sources that offer specialized information on records management?

Answers

Answer:

Organize a records management element in institutional information resource ... Render for sufficient data collection and information path and retrieval; ... and to demand justification for the acquisition of highly specific filing arrangements.

Explanation:

The dictionary incorporates the most significant archival sessions with specific meanings. ... or buying, historical matters from references outside the archival organization. ... DOCUMENT: Recorded information despite pattern or mechanism with three basic ... To build retention periods for prevailing records and provide for their proper ...

How is it possible for a company to show positive net income but go bankrupt? Give one example.

Answers

It happens when companies stretch their business to complete a particular project and payment does not come in a timely manner. The second takes place when liabilities are greater than assets of an organization.
Yes, it is possible for a company to show positive net income but go bankrupt.There are two types of bankruptcy. The first takes place when the company's outgoing cash is more than the cash which is incoming. It happens when companies stretch their business to complete a particular project and payment does not come in a timely manner. The second takes place when liabilities are greater than assets of an organization. In this case, the company can have a positive net income but cannot continue its business operations without help from investors or the court of bankruptcy.

Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary.
Principal Rate (%) Time Interest
$7,400 10.4 $224

Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to

Answers

By using the ordinary interest method to compute the time (in days) for the loan, the time equals 106 days.

What is an ordinary interest method?

An ordinary interest method is better known as a Simple interest method, which is a quick and easy method of calculating the interest charge on a loan. With this method, interest are determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Simple interest equals to P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time. Given that: Principal Rate (%) Time Interest is $7,400, 10.4, $224 respectively.

Time = I*100/P*R

Time = 224*100/7400*1.04

Time = 22400/76960

Time = 0.29106

Time = 0.29106 * 365 days

Time = 106 days.

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If I make 10% commission on all sales, what would my commission be of a sale of $3250

Answers

Answer:

$325

Explanation:

10% of 3250

= 3250 × 10%

= 3250 × 10 ÷ 100 [Here, % means dividing by 100]

= 325

NewTech purchases computer equipment for $255,000 to use in
operating activities for the next four years. It estimates the equipment's
salvage value at $20,000. What’s the year end hook value formula ?

Answers

The year-end book value formula for the computer equipment is given as

Year-End Book Value = Cost of Equipment - Accumulated Depreciation

At the end of the fourth year, the year-end book value will be 0

How to calculate Year-end book value

The year-end book value formula for the computer equipment as

Year-End Book Value = Cost of Equipment - Accumulated Depreciation

To know the accumulated depreciation for each year, use the following formula:

Annual Depreciation = (Cost of Equipment - Salvage Value) / Useful Life

Where the useful life is the estimated number of years the equipment will be used in the business before it is sold or retired.

With 4 years of use, we can calculate the annual depreciation as follows:

Annual Depreciation = ($255,000 - $20,000) / 4

Annual Depreciation = $63,750

Therefore, the year-end book value formula for the computer equipment at the end of each year would be:

Year 1: $255,000 - $63,750 = $191,250

Year 2: $255,000 - ($63,750 x 2) = $127,500

Year 3: $255,000 - ($63,750 x 3) = $63,750

Year 4: $255,000 - ($63,750 x 4) = $0

At the end of the fourth year, the accumulated depreciation will equal the cost of the equipment minus its estimated salvage value, so the year-end book value will be zero.

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characteristics of bureaucracy and examples

Answers

A distinct hierarchy, specialization, a division of labor, and a system of written rules, or standard operating procedures, are the four main characteristics of bureaucracies.

What is meant by bureaucracy?

a method of administering or regulating a nation, business, or organization that is run by a large number of officials paid to strictly adhere to regulations: When I applied for financial help at the university, I ran into a lot of red tape. Organizing and managing. administer.

What is an example of bureaucracy?

Large enterprises, the military, and government organizations are typical examples of bureaucracy. Each of these organizations has a codified decision-making process, written rules and regulations, a hierarchical organizational structure, and a division of work.

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Consider the following word problem. Imagine that Dr. White of the French department, Dr. Black of the English department, and Dr. Brown of the Economics department are talking. There is one woman among these three, and she does not have brown hair. During the conversation, The woman notes that "our names are White, Brown and Black and one of us has white hair, one has brown hair and one black." “That is true," replies the person with black hair, "and not one of us has hair that matches his or her name.” "You are so right!" says Dr. White.

Answers

From the word problem given, the woman is  Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.

What is the hair color of each person, and who is the woman?

This is a word problem which we can approach from a different perspective

Let's start by making a table with the information given:

             White Brown Black

Name White Brown Black

Gender   ?               ? ?

Hair        ?               ? ?

From the first sentence, we know that there is one woman among the three, so we can fill in the Gender row with:

               White Brown Black

Name White Brown Black

Gender F         ?         ?

Hair    ?        ?         ?

From the second sentence, we know that the woman does not have brown hair, so we can fill in the Hair row with:

               White Brown Black

Name White Brown Black

Gender F          ?          ?

Hair        B/W          ?          ?

The Hair row shows the possible hair colors for each person. B/W means that the person can have either black or white hair.

From the third sentence, we know that each person has a different hair color, so we can eliminate the possibility of all three having different hair colors. Therefore, two people must have one of the hair colors (either black or white), and the third person must have the other hair color.

Let's assume that Dr. White has white hair. Then, according to the second sentence, Dr. Brown must have black hair, and Dr. Black must have brown hair. But this contradicts the fourth sentence, which states that none of them have hair that matches their name.

So our assumption was incorrect. Let's assume that Dr. White has black hair. Then, Dr. Black must have white hair, and Dr. Brown must have brown hair. This satisfies all the conditions, and we have a unique solution.

Therefore, the woman is Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.

               White  Brown      Black

Name  White Brown Black

Gender    F        ?      F

Hair                B       B    W

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In what way can a manufacturer of consumer durables seek to gain a better understanding of it's marketing environment?

Answers

The better way a manufacturer of consumer durables seek to gain a better understanding of its marketing environment is through the media. The media can document all the problems surrounding stores and manufactures via searching at how they're doing economically.

A customer is a person or a collection who intends to reserve, orders, or makes use of bought items, merchandise, or services typically for personal, social, circle of relatives, family and similar wishes, not at once related to entrepreneurial or commercial enterprise activities.

Purchasers constitute the top trophic levels. In contrast to manufacturers, they cannot make their own food. To get energy, they devour plant life or different animals, while some consume each. Scientists distinguish among numerous sorts of clients. Number one clients make up the second trophic degree.

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You want to buy a house within 3 years, and you are currently saving for the down payment.
You plan to save $5000 at the end of the first year, and you anticipate that your annual savings
will increase by 10 % annually thereafter. Your expected annual return is 7%. How much would
you have for a down payment at the end of year 3?

Answers

You would have $17,081.69 for a down payment at the compounded end of year 3.

Assuming that you save at the end of each year and your expected annual return is 7%, your total savings at the end of year 3 can be calculated using the following formula:

A = \(P(1 +\frac{r}{n})^{(n*t)}\)

Where:

A = Total amount after t years

P = Principal amount

r = Annual interest rate

n = Number of times interest is compounded per year

t = Time period in years

Savings at end of year 3 = (Savings at end of year 1 x (1 + 7%)²) + (Savings at end of year 1 x (1 + 10%) x (1 + 7%)) + (Savings at end of year 1 x (1 + 10%)² x (1 + 7%))

Plugging in the numbers, we get:

Savings at end of year 3 = ($5000 x 1.07²) + ($5000 x 1.10 x 1.07) + ($5000 x 1.10² x 1.07) = $17,081.69

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please answer asap! In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.

Answers

One way that money for a negative tax for low-income earners could be redistributed from high-income earners is by increasing tax rate on high income earners.

How to fund a negative tax ?

One plausible method to address income inequality is via an increase in tax rates for high-income earners. By doing so, a larger percentage of their revenue would be allocated towards taxes which could then be utilized to finance the negative tax program.

Another potential avenue would involve imposing a wealth tax upon individuals or households based on their net worth. This type of taxation would predominately affect those with significant lifetime acquisition of assets and resources – particularly the wealthiest members of society.

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The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)

Answers

The net cost of the item, after applying the series trade discount, is $63.41.

To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.

Let's break down the discounts:

The first discount is 10%.The second discount is 10%.The third discount is 19%.

To find the net cost, we need to calculate the price after each discount.

Step 1: Apply the first discount of 10%

List price - (10% of list price)

List price - (10/100 * List price)

List price - 0.1 *

List price = 0.9 * List price

Step 2: Apply the second discount of 10%

0.9 * List price - (10% of 0.9 * List price)

0.9 * List price - (10/100 * 0.9 * List price)

0.9 * List price - 0.09 * List price

0.81 * List price

Step 3: Apply the third discount of 19%

0.81 * List price - (19% of 0.81 * List price)  

0.81 * List price - (19/100 * 0.81 * List price)

0.81 * List price - 0.1539 * List price

0.6561 * List price

Now, to find the net cost, we multiply the list price by the result of the series of discounts:

Net cost = List price * 0.6561

Given that the list price is $96.60, we can calculate the net cost:

Net cost = $96.60 * 0.6561

Calculating this, we find:

Net cost = $63.41 (rounded to the nearest cent)

Therefore, the net cost of the item, after applying the series trade discount, is $63.41.

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pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information

Answers

The name of the career - Computer  engineering

The information I have  learned  on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.

The Education a person needs to get this type of job is: Bachelor's Degree

The Skills a person needs to get this type of job are:

Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovation

The people in this job use a lot of technology as they are actively involve in its production.

The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm

What should an IT engineer possess?

A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.

To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.

Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.

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The 2017 balance sheet of Dream, Inc., showed current assets of $1,530 and current liabilities of $820. The 2018 balance sheet showed current assets of $1,800 and current liabilities of $1,000. What was the company's 2018 change in net working capital, or NWC

Answers

Answer:

$90

Explanation:

net working capital = current assets - current liabilities

therefore

2017 = $710

2018 = $800

change = $90

The company's 2018 change in net working capital, or NWC is $90

The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the LCL for a control chart using this data (z=3)?Sample Obs 1 Obs 2 Obs 3 Obs 41 10 12 12 142 12 11 13 163 11 13 14 144 11 10 7 85 13 12 14 13

Answers

Answer:

9.37

Explanation:

The computation of LCL for a control chart is shown below:-

Sample  Obs 1  Obs 2    Obs 3   Obs 4   Mean observation    Range

1                 10      12           12          14              12                         4

2                 12     11            13          16              13                          5

3                 11      13            14           14              13                          3

4                 11       10            7            8               9                          4

5                13     12             14            13             13                         2

For computing the mean observation  and range we will use the below formulas

Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4

Range = Highest value - Lowest value

\(LCL = \bar{\bar{X}} - A2 \bar{R}\)

\(\bar X\) =  ( 12 + 13 + 13 + 9 + 13 ) ÷ 5

= 12

\(\bar R\) =  ( 4 + 5 + 3 + 4 + 2 ) ÷ 5

= 3.6

Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.

A2  = 0.729

\(LCL = \bar{\bar{X}} - A2 \bar{R}\)

12 - 0.729 × 3.6

= 9.37

what is not a limitation of internal control policies and procedures?

Answers

Collusion is not a limitation of internal control policies and procedures.

What is the purpose of collusion?

In terms of economics, collusion is when several businesses work together to set prices that are either higher than the industry standard or near enough to resemble a monopoly. This method tries to acquire control of commodity pricing and increase industry profits overall. Price manipulation, clandestine gatherings, insider trading, a lack of competition, and disturbance of the market's equilibrium are all signs of collaboration.

In order to upset the equilibrium of the market, rivals engage in collusion, which is a non-competitive, covert, and occasionally unlawful agreement. Collusion is when two or more parties that would normally compete with one another decide to cooperate in order to acquire an unfair competitive advantage.

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What should be done to remedy the situation in the largest turkey producer, Bernard Matthew, lacks communication skills internal and external ?​

Answers

Because Bernard Matthew is a well-known brand, people had faith in its quality, which is essential for maintaining the image of the company.

At the point when you don't convey what you are doing during an emergency, individuals will question your activities and that disintegrates the trust. Consequently, public relations is crucial during times of crisis. Bernard Matthew ought to inform the general public and reassure them that nothing will go wrong.

The skills you use to convey various types of information include communication skills. Introducing fresh concepts, emotions, or even an update on your project are examples. Listening, speaking, observing, and empathizing are all components of communication skills.

It is essential to inform the general public and customers of the company's current actions during a crisis. Emergency the board helps in reducing the apprehensions of clients and prevents them from questioning the brand. This keeps the trust of people.

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What scenario shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor?




A Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.


B You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.


C You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.


D You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

Answers

The scenario that shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor is option D: You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

In this scenario, the investor has already experienced a significant gain by hitting a big jackpot in Las Vegas. However, investing the entire amount back into another game with the intention of doubling the return poses a high level of risk. The law of diminishing returns suggests that as an investment or activity continues, the incremental return or benefit diminishes over time. By putting all the winnings back into another game, the investor is exposing themselves to unnecessary risk. Instead, it would be wiser to consider diversifying the investment portfolio, preserving a portion of the winnings, and adopting a more conservative approach. This helps to protect the gained wealth and potentially generate more stable, sustainable returns in the long run. Hence the correct answer in Option D. you just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

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Hello, how to become a tutor?

Answers

To become a tutor, you would identify your subject areas and also get strengthened in it.

How to become a tutor?

Becoming a tutor can be a great way to share your knowledge and help others while earning some extra income. Here are some steps you can take to become a tutor:

Identify your subject areas: Decide which subjects you are knowledgeable and comfortable enough to teach to others. It could be academic subjects like math, science, English, or languages, or non-academic subjects like music, art, or sports.

Decide on your target audience: Determine the age group and level of students you would like to tutor. You could work with elementary, middle, or high school students, or college-level students.

Gain relevant qualifications: Some tutoring jobs may require you to have a degree or certification in the subject you will be teaching. However, not all tutoring positions require formal qualifications.

Create a resume: Create a resume that highlights your qualifications, experience, and skills in tutoring. This will help you stand out when applying for tutoring positions.

Look for tutoring jobs: You can find tutoring jobs through online job boards, local tutoring centers, or by advertising your services on social media or online platforms.

Prepare for tutoring sessions: Once you have secured a tutoring position, prepare for your sessions by creating lesson plans, gathering relevant materials, and setting goals for each session.

Build a good reputation: Build a good reputation by delivering high-quality tutoring services, being reliable, and developing good relationships with your students and their parents/guardians.

Remember that being a tutor requires patience, strong communication skills, and a genuine desire to help others succeed. With dedication and hard work, you can become a successful and rewarding tutor.

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researching the query on the web will help you understand the meaning of most queries, as well as user intent?

Answers

Yes, it is true that researching the query on the web will help you understand the meaning of most queries, as well as user intent.

How do you interpret the intentions of users?

The purpose and objective of a user's search query on a search engine are referred to as user intent, also known as search intent or keyword intent. For instance, a person can desire to find out more about a subject, locate a location nearby, or purchase something.

Which of the following queries has the single strongest potential intent?

All inquiries have only one goal: the intent to Know, Do, Visit a Website or in-Person. The claim is accurate. Do, Know, and Go are the three categories that make up the Do-Know-Go idea, which is utilized for searching questions.

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Which of the following is an item of capital expenditure?
A. repairs to a machine
B. purchase of a machine
C. cost of goods sold
D. wages cost​

Answers

Answer:

B. purchase of a machine

Explanation:

Receiving a payment from a debtor on account would affect the Accounts Receivable with a __________ entry.

A. Debit
B. Credit

Answers

Answer:

Credit.

Explanation:

Explain the role of emotional intelligence?

Answers

Emotional intelligence refers to the ability to recognize, understand, and manage one's own emotions and the emotions of others. It involves skills such as empathy, self-awareness, and social awareness, which are important for building relationships, making decisions, and achieving goals. Emotional intelligence can help individuals communicate effectively, resolve conflicts, and adapt to change. It is particularly important for leaders and managers, as it can improve their ability to lead and motivate others.

Which type of financial risk happens when the prices of things rise and fall?
income risk
You Answered
interest rate risk
personal risk
Correct Answer
inflation risk

CORRECT: inflation risk (please fix the ones on your site that are incorrect)

Answers

Answer:

The correct answer is inflation risk.

Explanation:

you got this!

K 8 A bank holds $10 for every $100 in deposits. The bank wants to hold $7 for every $100 in deposits. The bank holds desired reserves of $14,000 and actual reserves of $29,000. What is the actual reserve ratio, the desired reserve ratio, and the excess reserves? >>> Answer to 2 decimal places.​

Answers

The actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.

How did we get the values?

In order to determine the excess reserves, we first determine the deposits. The bank currently holds $29,000 in reserves, and that this represents $10 for every $100 in deposits. Therefore:

$10 / $100 = $29,000 / x

Solving for x, we get:

x = ($29,000 * $100) / $10 = $290,000

So the bank has $290,000 in deposits.

Calculate the actual and desired reserve ratios:

Actual reserve ratio = $29,000 / $290,000 = 0.10 or 10%

Desired reserve ratio = $14,000 / $290,000 = 0.048 or 4.8%

Finally, calculate the excess reserves:

Excess reserves = actual reserves - desired reserves = $29,000 - $14,000 = $15,000

Therefore, the actual reserve ratio is 10%, the desired reserve ratio is 4.8%, and the excess reserves are $15,000.

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Which is true of categories in a budget?"
All individuals should have the same budget categories.
Individuals may have different categories based on age, lifestyle, and income.

Answers

Answer: Individuals may have different categories based on age, lifestyle, and income.

Explanation:

At different ages people have different needs.

LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000


How do you find the cost of goods manufactured?​

Answers

The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.

How to calculate

It is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.

In the income statement you provided, the cost of goods manufactured is calculated as follows:

COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000

Therefore, the cost of goods manufactured for Leone Company is $3,224,000.

Here is the formula for calculating COGM:

COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory

The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.

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Which of the following is one result of stringent 21st century accounting
regulations?

Answers

A result of the stringent 21 st century accounting regulations enacted was B. they make accounting more complex.

Why did accounting regulations become more stringent ?

Over time, accounting standards have become more stringent, and agencies and professional associations make sure that these regulatory rules serve the public's and businesses' best interests. These agencies assist businesses in comprehending the domestic and international legal requirements they must meet.

An organization is in regulatory compliance when it strictly complies with all applicable local, national, and international laws. Businesses may be subject to financial, fiscal, environmental, or business and tax code laws depending on their size and industry. However, why do financial services rank first among the industries most adversely affected by these regulatory laws?

As a result, accounting regulations have made accounting much more complex in order to ensure that companies abide by accounting best practices.

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Options for this question are:

they make accounting simplerthey make accounting more complexthey unify international tax codesthey address the needs of small businesses

what does working capital management encompasses? what functional are involved and what underlying principle or trade-off influences the decision process?

Answers

Answer: Working capital management involves monitoring of cash flow, current assets, and current liabilities.

It's main function is to ensure that business's day-to-day operational expenses are met with positive/maintained cashflow statements.

Influences that has an effect in decision making in Working Capital Management -

Type of Business- Businesses having higher operations or their main core business is their operating activities like Food Delivery Companies, Online Cab Booking companies. Their CASH BURNING ratio is higher.

Production Technique- If they are sourcing raw material from anywhere and rest whole process of production are done by them than their operational cost will be higher. Example- A Ready made Cloth manufacturing company that only sources cotton, silk or any other material from farmer and rest all processes like spinning, weaving, dying etc are done by them than their Working Capital Management should be strong to avoid both wastage of Resources and Money.

Economical changes- Periods of BOOM & DEPRESSION effects decision making a lot. As Organisations have to preserve or burn the working capital as per ma    

Explanation:

True/False Questions. Each question carries 4 marks. Please write your answer in Section B in the Answer
Sheet.
1. Evaluating operations by comparing actual results to budgeted results is a part of the controlling
responsibility of management.

Answers

\(\large\rm\color{Yellow}Answer:\)

Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management.

True

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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is

A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic

Answers

Answer:

C) price elastic.

Explanation:

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