Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670The price elasticity of demand (based on the midpoint formula) when price decreases from $9 to $7 is

A. unit elastic.
B. inelastic.
C. elastic.
D. perfectly inelastic.


Answer: C

Economics

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A country has $40 billion of domestic investment and net capital outflows of -$20 billion. What is the country's saving?

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Economics