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Author Question: If the price of a burger decreases by 5 percent and as a result the quantity of burgers demanded ... (Read 119 times)

RRMR

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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


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CAPTAINAMERICA

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

C

Answer to Question 2

B


RRMR

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

parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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