If the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, using the formula for arc price elasticity what is the percentage change in price?
A) 18.18%
B) 29.89%
C) 20%
D) 16.67%
A
Economics
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For a risk-averse individual, as wealth increases, total utility
A) increases at a decreasing rate. B) increases at a constant rate. C) increases at an increasing rate. D) is constant.
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Which of the following was a country that ran large deficits in the mid-1990s and plunged into deep recession in 1997 and 1998 when foreign investors became concerned about the health of these economies and quickly pulled their money out of stock and bond markets, real estate, and banks?
a. North Korea b. Argentina c. Malaysia d. India
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How is a price index computed?
What will be an ideal response?
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The Fed's tools are also known as
A. goals. B. derivatives. C. instruments. D. intermediate targets.
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