A shift of the supply curve of DVDs raises the price of a DVD ...

[Bob-Dole]

A shift of the supply curve of DVDs raises the price of a DVD from 9.50 to 10.50 a DVD and reduces the quantity demanded from 41 million to 39 million DVDs a month. The price elasticity of demand for DVDs is
 
  A) 2 million DVDs a month per dollar.
  B) 1 per 2 million barrels a day.
  C) 0.5.
  D) 2.0.

Question 2

A decrease in disposable income shifts the ________.
 
  A) demand for loanable funds curve rightward
  B) demand for loanable funds curve leftward
  C) supply of loanable funds curve leftward
  D) supply of loanable funds curve rightward

[frogdreck123456]

Answer to Question 1

C

Answer to Question 2

C

[Bob-Dole]

TYSM

[sarah_brady415]

Excellent