If a 6 percent decrease in the price leads to a 5 percent ...

[audragclark]

If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the price elasticity of demand is
 
  A) 0.30.
  B) 0.60.
  C) 0.83.
  D) 1.20.

Question 2

When a country decides to produce fewer bombers and more public housing projects, it is answering the ________ part of one of the two big economic questions.
 
  A) how
  B) what
  C) defense
  D) for whom

[mmpiza]

Answer to Question 1

C

Answer to Question 2

B

[audragclark]

YES! Correct, THANKS for helping me on my review

[anyusername12131]

Thanks for the timely response, appreciate it