This topic contains a solution. Click here to go to the answer

Author Question: If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded ... (Read 106 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded increases by 8 percent, the price elasticity of demand equals
 
  A) 0.60.
  B) 0.40.
  C) 1.60.
  D) 0.625.

Question 2

When China builds a dam using few machines and a great deal of labor, it is answering the ________ part of one of the two big economic questions.
 
  A) what
  B) how
  C) where
  D) for whom



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

C

Answer to Question 2

B




RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Excellent


shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

For a complete list of videos, visit our video library