The price elasticity of demand for oranges ________ change if the units of the quantity was changed from pounds to kilograms and ________ change if the units of the price was changed from dollars to cents.
A) would; would
B) would; would not
C) would not; would
D) would not; would not
Question 2
Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially, ________.
A) the economy remains at full employment
B) structural unemployment increases
C) there is a shortage of workers in both sectors
D) cyclical unemployment increases