A 10 percent increase in the quantity of spinach demanded results ...

[xclash]

A 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its price. The price elasticity of demand for spinach is
 
  A) 0.5.
  B) 2.0.
  C) 10.0.
  D) 20.0.

Question 2

Hyundai is a large South Korean company that produces finished steel products. Hyundai plans to buy raw steel from U.S. Steel. As a result, the demand curve for U.S. Dollars ________ and the demand curve for South Korean Won ________.
 
  A) shifts rightward; does not shift
  B) shifts rightward; shifts leftward
  C) does not shift; shifts leftward
  D) shifts leftward; shifts rightward

[chreslie]

Answer to Question 1

A

Answer to Question 2

A

[xclash]

Thanks for the timely response, appreciate it

[sultansheikh]

Gracias!