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Author Question: A 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its ... (Read 340 times)

xclash

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on: Jun 29, 2018
A 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its price. The price elasticity of demand for spinach is
 
  A) 0.5.
  B) 2.0.
  C) 10.0.
  D) 20.0.

Question 2

Hyundai is a large South Korean company that produces finished steel products. Hyundai plans to buy raw steel from U.S. Steel. As a result, the demand curve for U.S. Dollars ________ and the demand curve for South Korean Won ________.
 
  A) shifts rightward; does not shift
  B) shifts rightward; shifts leftward
  C) does not shift; shifts leftward
  D) shifts leftward; shifts rightward


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chreslie

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

A

Answer to Question 2

A


xclash

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

nguyenhoanhat

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

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