If a 1 change in the price of a good causes a 1 change in the ...

[kfurse]

If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an elasticity of demand:
 
  A) equal to 0.
  B) less than 1.
  C) equal to 1.
  D) greater than 1.

Question 2

MSB equals
 
  A) MC + the marginal external cost.
  B) MC + the marginal external benefit.
  C) MB + the marginal external cost.
  D) MB + the marginal external benefit.
  E) MB + MC.

[jaaaaaaa]

Answer to Question 1

C

Answer to Question 2

D

[kfurse]

Great answer, keep it coming

[helenmarkerine]

Thanks for the timely response, appreciate it