If a 35 percent increase in price of golf balls led to an 42 ...

[Shelles]

If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf balls is
 
  A) relatively elastic. B) relatively inelastic. C) perfectly elastic. D) unit elastic.

Question 2

A commodity or token is money if it is ________.
 
  A. generally accepted as means of payment
  B. a store of value
  C. used in a barter transaction
  D. completely safe as a store of value

[meltdown117]

Answer to Question 1

A

Answer to Question 2

A Answer A is the definition of money.