The income elasticity of demand for peanut butter is 0.1. From this, we know that peanut butter is a(n) because . a) normal good; elasticity is negative
b) inferior good; elasticity is negative
c) normal good; elasticity is positive
d) inferior good; elasticity is positive.

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.