The figure shows the demand curve for popsicles. The price ...

[Lisaclaire]

The figure shows the demand curve for popsicles. The price elasticity of demand when the price of a popsicle increases from 0.30 to 0.50 is ________.
 
  A) 0
  B) 1
  C) 1/2
  D) 2

Question 2

In the above figure, B is the current long-run aggregate supply curve and E is the current short-run aggregate supply curve. Technological advances mean the long-run aggregate supply curve and short-run aggregate supply curve
 
  A) remain B and E.
  B) shift to A and D, respectively.
  C) shift to C and F, respectively.
  D) shift to C and remain E, respectively.

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Answer to Question 1

B

Answer to Question 2

C

[Lisaclaire]

Thanks for the timely response, appreciate it

[ricroger]

Wow, this really help