Exhibit 5-5  Demand Curve for Computers in Exhibit 5-5, the Change

question 35

Multiple Choice

Exhibit 5-5  Demand curve for computers In Exhibit 5-5, the change in total revenue resulting from a change in price from A to D indicates that the demand curve is:

• A) elastic.
• B) inelastic.
• C) unitary elastic.
• D) nonelastic.

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Definitions:

Supply Of Dollars

The total amount of US dollars available in the economy, including physical currency and bank balances.

Foreign-Currency Exchange

The process of exchanging one currency for another, determining how much of one currency you can get for another.

Net Capital Outflow

The difference between the domestic country's total investment abroad and foreign investments within the domestic country.

Argentinean Government

The government or political leadership of Argentina, a country located in South America.