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Author Question: Suppose that the quantity of root beer demanded declines from 103,000 gallons per week to 97,000 ... (Read 149 times)

sarasara

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on: Jun 29, 2018
Suppose that the quantity of root beer demanded declines from 103,000 gallons per week to 97,000 gallons per week as a consequence of a 10 percent increase in the price of root beer. The price elasticity of demand is
 
  A) 0.60.
  B) 1.40.
  C) 1.66.
  D) 6.00.

Question 2

In the above figure, the initial supply of loanable funds curve is SLF0 and the demand for loanable funds investment curve is DLF0. An increase in the real interest rate to 7 percent could be caused by
 
  A) an increase in investment demand.
  B) a decrease in the expected profit.
  C) an increase in people's disposable incomes.
  D) an expansion that increased both saving and investment by the same amount.


1_Step_At_ATime

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

A

Answer to Question 2

A


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