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Author Question: A reduction in the rate of inflation is referred to as A) disinflation. B) deflation. C) ... (Read 91 times)

cool

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on: Jun 29, 2018
A reduction in the rate of inflation is referred to as
 
  A) disinflation. B) deflation. C) recession. D) unemployment.

Question 2

In Pioneer Ville, the price elasticity of demand for bus rides is 0.5 . When the price of a bus ticket rises by 5 percent, _______.
 
  A. the demand for bus rides increases by 10 percent
  B. the quantity of bus rides demanded increases by 2.5 percent
  C. the demand for bus rides decreases by 2.5 percent
  D. the quantity of bus rides demanded decreases by 2.5 percent


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1_Step_At_ATime

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D The quantity of bus rides demanded decreases by (0.5)  (5 percent), which is 2.5 percent.


cool

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Reply 2 on: Jun 29, 2018
Excellent

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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