Author Question: If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the ... (Read 177 times)

audragclark · **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