This topic contains a solution. Click here to go to the answer

Author Question: If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the ... (Read 241 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

C

Answer to Question 2

B




audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

For a complete list of videos, visit our video library