Suppose when the price of a cookie is $2.50, the quantity demanded is 50, and when the price is $1, the quantity demanded is 200. Using the midpoint method, the price elasticity of demand is:
A. –1.40
B. –0.72
C. –140
D. –7.2
A. –1.40
Economics
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A tax on sellers and an increase in input prices affect the supply curve in the same way
a. True b. False Indicate whether the statement is true or false
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Which of the following would be considered a market?
a. political debate b. charity gala c. church service d. garage sale
Economics
Which of the following is an example of an automatic stabilizer?
What will be an ideal response?
Economics