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Author Question: Business cycles are A) irregular, with some having two recessions and no expansion. B) ... (Read 602 times)

RYAN BANYAN

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on: Jun 29, 2018
Business cycles are
 
  A) irregular, with some having two recessions and no expansion.
  B) predictable, with a recession following a trough.
  C) unpredictable, but always have two phases and two turning points.
  D) unpredictable, and don't always have two phases and two turning points.

Question 2

The price elasticity of demand for DVDs is 2. If the price of a DVD increased by 2 percent, the quantity demanded will ________.
 
  A) decrease by 2 percent
  B) not change
  C) decrease by 4 percent
  D) decrease by 1 percent


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carolinefletcherr

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

C

Answer to Question 2

C


RYAN BANYAN

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Reply #2 on: Jun 29, 2018
Thank you :)


carolinefletcherr

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Reply #3 on: Jun 29, 2018
Happy to help you


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