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Author Question: An expansion A) follows a peak. B) is defined as a period of negative real GDP growth. C) comes ... (Read 35 times)

imowrer

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on: Jun 29, 2018
An expansion
 
  A) follows a peak.
  B) is defined as a period of negative real GDP growth.
  C) comes just before a trough.
  D) is defined as a period of real GDP increases.

Question 2

If a 20 percent increase in the price of a used car results in a 10 percent decrease in the quantity of used cars demanded, then the demand for used cars is
 
  A) elastic.
  B) inelastic.
  C) unit elastic.
  D) arc elastic.


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blfontai

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

D

Answer to Question 2

B


imowrer

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  • Posts: 514
Reply 2 on: Jun 29, 2018
Excellent

TheDev123

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Reply 3 on: Yesterday
:D TYSM

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