If price elasticity is 3.25, then demand is A) inelastic. B) ...

[ARLKQ]

If price elasticity is 3.25, then demand is
 A) inelastic.
  B) elastic.
  C) unitary.
  D) negative.

Question 2

Other things equal, who of the following would not tend to earn more?
 a. Someone in a riskier or more unpleasant job, rather than a safer or more pleasant job.
  b. Someone in a job that requires a graduate degree rather than an undergraduate degree.
  c. Someone who works longer hours, rather than shorter hours.
 d. All of the above would tend to earn more.

[srodz]

Answer to Question 1

B

Answer to Question 2

d