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Author Question: If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the ... (Read 244 times)

audragclark

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on: Jun 29, 2018
If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the price elasticity of demand is
 
  A) 0.30.
  B) 0.60.
  C) 0.83.
  D) 1.20.

Question 2

When a country decides to produce fewer bombers and more public housing projects, it is answering the ________ part of one of the two big economic questions.
 
  A) how
  B) what
  C) defense
  D) for whom


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mmpiza

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

C

Answer to Question 2

B


audragclark

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Reply 2 on: Jun 29, 2018
:D TYSM

abro1885

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

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