Author Question: If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded ... (Read 121 times)

RRMR · **on:** Jun 29, 2018

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