According to the Marshall-Lerner approach, a currency depreciation will best lead to an improvement on the home country's trade balance when the: A: Home demand for imports is inelastic--foreign export demand is inelastic B: Home demand for imports is inelastic--foreign export demand is elastic C: Home demand for imports is elastic--foreign export demand is inelastic D: Home demand for imports is elastic--foreign export demand is inelastic

When demand is inelastic the price elasticity of demand is

According to the Law of Demand, the demand curve for a good will

The buyers _______the sellers to ship the goods within a week. A: demand B: demand to C: demand of D: have demanded

What are the differences between the demand curve and demand schedule

If a product is a normal good: A: Demand is inversely related to income B: Demand is inversely related to price C: Demand is directly related to price D: Demand is inversely related to the price of substitutes

For a horizontal demand curve, A: the slope is undefined, and the price elasticity of demand is equal to 0. B: the slope is equal to 0, and the price elasticity of demand is undefined. C: both the slope and price elasticity of demand are undefined. D: both the slope and price elasticity of demand are equal to 0.

Predictable variability is A: change in demand that can be forecasted. B: change in demand that cannot be forecasted. C: change in demand that has been planned. D: change in demand that has been scheduled. E: all of the above

Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply

The essence of the change in demand and the change in demand is<br/>whether it is the change in the price of the commodity. ( )