This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded ... (Read 130 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded increases by 8 percent, the price elasticity of demand equals
 
  A) 0.60.
  B) 0.40.
  C) 1.60.
  D) 0.625.

Question 2

When China builds a dam using few machines and a great deal of labor, it is answering the ________ part of one of the two big economic questions.
 
  A) what
  B) how
  C) where
  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

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Comparison of the level of skin damage as a result of the three different degrees of burns. Comparison of the level of skin damage as a result of the three different degrees of burns.
Radiation Quantity and Quality Radiation Quantity and Quality
How to solve any percent change problem How to solve any percent change problem
The amino acid lysine has the percent composition 49.3% C, 9.59% H, 19.2% N, and The amino acid lysine has the percent composition 49.3% C, 9.59% H, 19.2% N, and
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Ultrasound of a Fetus (Sonogram)

For a complete list of videos, visit our video library